Prologis Aims For Blackstone's €21B Logistics Portfolio: FT

by Shivani Kumaresan, Benzinga Staff Writer

March 22, 2022 8:02 AM | 1 min read |

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Warehouse proprietor Prologis Inc PLD has launched a bid for Blackstone’s €21 billion portfolio of logistics properties, the Financial Times reported.
If completed, it could be the biggest ever non-public actual property deal.
The company has made the non-binding offer for Mileway, a portfolio of approximately 2,000 European warehouses that Blackstone has been constructing for six years.
The report added that if the Prologis bid is profitable, it could give the corporate a dominant place in European last-mile amenities, smaller warehouses that serve prospects in cities.
Price Action: PLD shares closed lower by 0.77% at $158.92 on Monday.

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