ING and Nordea to finance Blackstone logistics

ING and Nordea have won the financing mandate for Blackstone’s acquisition of a 200,000 sq m Central European logistics portfolio. The two banks are providing senior debt for the purchase of six distribution parks by Blackstone’s European logistics arm, Logicor  from clients of Pramerica Real Estate Investors. The portfolio in Poland and the Czech Republic comprises: four […]

ING and Nordea have won the financing mandate for Blackstone’s acquisition of a 200,000 sq m Central European logistics portfolio.

The two banks are providing senior debt for the purchase of six distribution parks by Blackstone’s European logistics arm, Logicor  from clients of Pramerica Real Estate Investors.

The portfolio in Poland and the Czech Republic comprises: four Panattoni Parks located in Czeladź, Krakow, Gliwice and  Błonie in Poland and and a fifth at Prague Airport plus Stolica Business Centre, Łazy in Poland. The assets are  are almost fully let.

Logicor has been expanding rapidly in Europe this year. In February the company bought over 400,000 sq m of Polish distribution assets from Panatoni Europe. This week the company announced its agreement to buy a 434,297 sq m portfolio of 17 logistics assets across eight countries for €275m from four funds managed by SEB Asset Management.

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