Finance

Blackstone buys US industrial portfolio for $5.7bn

By 2019-12-11T07:26:00

Industrial Workers

Source: Pixabay

Colony Capital completed the sale of its Light Industrial logistics assets and its affiliated industrial operating platform to an affiliate of Blackstone for $5.7 billion (£4.3bn).

The sale includes around 60m sq ft of last-mile, infill light industrial assets consisting of 465 assets in 26 markets across the US, with significant concentration in Atlanta, Chicago, Dallas, Florida and New Jersey. The aggregate net sales proceeds to Colony are approximately $1.2bn.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue