PLMJ advises Blackstone on logistics portfolio acquisition

PLMJ advised the US asset manager Blackstone on two acquisitions of logistics portfolios totalling an investment of more than EUR 330 million for a total of around 530,000 m2 spread over 35 properties.

A multidisciplinary PLMJ team headed by Sofia Gomes da Costa, a partner in the Real Estate and Tourism practice, assisted by Sérgio Antunes Teixeira and Fernando Costal Carinhas, managing associates in the same practice, was involved in advising on the transactions.

These investments by Blackstone double its logistics portfolio in Portugal, which increases to more than 1000 m2. The properties in question are rented to several distribution and retail companies and they represent a clear commitment by Blackstone to the logistics sector in Portugal.