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New Deal


Announced

Blackstone to acquire 24 properties of Corem Property Group for $104m.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Sweden

Pending

Real Estate Holding and Development

warehouse asset

logistics assets

Acquisition

Majority

Private

Private Equity

Cross Border

Real Estate

Friendly

Single Bidder

real estate

Synopsis

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Blackstone, a private equity firm, agreed to acquire 24 properties of Corem Property Group, a real estate services firm, for $104m. The property portfolio consists of properties located in Stockholm, Jönköping, Malmö and Norrköping. The transaction frees up capital to strengthen Corem’s long-term financial capacity, as well as for prioritized investments.

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