Published:19.12.2024
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Blackstone Acquires Czech Logistics Parks

The U.S. investment firm Blackstone is acquiring a portfolio of ten logistics parks in the Czech Republic from TPG Real Estate for €470 million (nearly 12 billion CZK).

Blackstone, through its Luxembourg-based entity United Crystal, will acquire four Czech companies: CTRE Fund, CTRE Development, CTRE Říčany, and Contera Real Estate. The deal is under review by the Czech Competition Authority. Bloomberg described this transaction as one of the largest real estate deals in Europe this year, signaling the increasing interest of global investors in the Czech logistics market.

Source: forbes.cz