Blackstone European Property Income Fund Acquires Logistics Portfolio For €520M
SOLD
$520,000,000
National
See Similar DealsIndustrial
Sold 02/04/2022
SOLD
Blackstone European Property Income Fund Acquires Logistics Portfolio For €520M
United Kingdom
See Similar DealsIndustrial
Sold 02/04/2022
Summary
Asset Type:Industrial
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$27,733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,847,450.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,465,065.29
Annual Debt Service$29,580,783.50
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