Blackstone completed the acquisition of Lindu Ejendomme from Pictet and Brunswick for €102m.

Blackstone, an alternative asset manager, completed the acquisition of Lindu Ejendomme, a Copenhagen focused light industrial and warehouse portfolio, from Pictet, a partnership of owner-managers, and Brunswick, a Nordic real estate investor, for €102m. “We have aggregated the Lindu platform in less than three years through carefully targeted acquisitions of both smaller portfolios and individual assets. In the meantime, we have been able to leverage the strength of the market and worked hard to lift the ESG profile of the assets. We are delighted to successfully exit the portfolio to a well-established institutional buyer,” Linus Nilsson, Pictet Alternative Advisors Head of Nordics.