Blackstone €536 million acquisition of Immofinanz logistics portfolio

Value:

€ 536 million

Dollar value:

$ 585.472 million

Status:

Completed

Date:

1/2/2016

Blackstone acquired a commercial property portfolio from Austrian property group Immofinanz for €536 million.
The portfolio consists of 39 properties, three of which are still under construction, in Germany, Hungary, Poland, Romania, Russia, and Slovakia.
The US real estate investor will incorporate the properties into its European arm Logicor.

Ben Naylor - Regional Editor

Germany
Austria

Private acquisition

M&A

Real estate

DLA Piper

Party: Blackstone (Acquirer)

Lawyer: Wolfram Distler

Fest & Partners