Blackstone Real Estate completed the acquisition of CT Real Estate/ Contera Parks Logistics Portfolio from TPG Real Estate and Contera for €470m.

Blackstone Real Estate, a real estate investment firm, completed the acquisition of CT Real Estate/ Contera Parks Logistics Portfolio of 10 logistics parks in the Czech Republic and Slovakia, from TPG Real Estate, a private equity fund, and Contera, a developer delivering and managing business parks and commercial properties, for €470m. "Logistics is experiencing strong demand driven by e-commerce and investor interest. These high-quality properties complement our pan-European portfolio and position us to capitalize on further growth opportunities in the sector," James Seppala, Blackstone’s Head of European Real Estate.