Blackstone to acquire an 80% stake in pan-European logistics portfolio from Burstone for €1bn..

Blackstone, an American multinational private equity, agreed to acquire an 80% stake in pan-European logistics portfolio from Burstone, an international real estate business, for €1bn. "Logistics is one of our highest conviction investment themes globally. This exceptionally well-located portfolio of assets in core logistics markets across Europe is additive to our existing portfolio and allows us to continue to capitalize on customer demand, including as a result of growing e-commerce penetration trends across the continent," James Seppala, Blackstone head of European real estate.