Finance

Covid-19: Blackstone buys logistics assets as demand soars for online shopping during health crisis

By 2020-03-23T09:50:00

Distribution warehouse

US private equity giant Blackstone has agreed a £120m deal to buy a portfolio of logistics sites across the UK from Clearbell Capital as online shopping soars in response to the Covid-19 pandemic.

The assets, known as the Cara Portfolio, will sit in Blackstone’s Mileway platform. It comprises of 22 small-to-medium sized industrial and logistics assets located throughout the UK. 

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