Blackstone and M7 Real Estate to acquire majority of Hansteen for a $1.4bn.

Blackstone and M7 Real Estate, real estate firms have agreed to buy a majority of Hansteen, property investment company for a $1.4bn. “It’s certainly possible we will get offers. I think we are in a period of unfamiliar territory in that suddenly urban logistics is the sexy sector, having for many years been under the radar. Clearly, it is now in the sight of a lot of global and domestic players. It wouldn’t be a surprise if people picked up the phone and wanted to talk to us, but we are happy with the business as it is going forward." Ian Watson, Hansteen CEO.