Gramercy Europe adds first asset since MBO

Gramercy Amsterdam Port

Logistics specialist fund manager Gramercy Europe has made its first acquisition since completing a management buyout from US private equity giant Blackstone, purchasing a €16m (£14m) warehouse in the Amsterdam Port.

Strategically located in Europe’s fourth busiest port, the warehouse was built in 2008 for pulp and paper manufacturer Stora Enso and will form part of the 15-asset portfolio of Gramercy Property Europe III.

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