Blackstone sold Logicor to China for €12bn.

Blackstone sold Logicor, a pan European logistics company, to China for €12bn. Logicor owns and operates a portfolio of high-quality logistics assets totaling 147 million square feet, in 17 countries with over 70% concentrated in the UK, Germany, France and Southern Europe. Located throughout Europe’s major economies, along primary transport corridors and in close proximity to large population centers, the portfolio is ideally positioned to benefit from the structural shift in demand driven by the rapid growth in e-commerce. Mo Barzegar, Logicor’s CEO, said: “We are excited about the company’s future prospects under the new long-term ownership of CIC with whom we will continue to deliver and exceed our customers’ expectations.”