Updated Dec 21, 2023
Blackstone European Property Income Fund Acquires Logistics Portfolio For €520M
United Kingdom
$520,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 3, 2022
About this deal
AI
The Logistics Portfolio, located in the UK, Poland, Spain, Germany, and the Czech Republic, has been sold for €520,000,000. The portfolio consists of industrial properties. The transaction took place on April 2, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: €520,000,000
- Vendor: Macquarie Capital Principal Finance & Elite Partners Capital
- Purchaser: Blackstone European Property Income Fund
- Agent: John Palmer - Savills & Eastdil Secured
John Palmer, representing Savills & Eastdil Secured, served as the agent in this transaction. The vendor, Macquarie Capital Principal Finance and Elite Partners Capital, sold the Logistics Portfolio to the purchaser, Blackstone European Property Income Fund.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93