BERLIN: Blackstone Group LP bought warehouses in Germany valued at about 200 million euros (US$225mil), almost doubling the size of properties held by its Logicor industrial real estate unit in that country, a person with knowledge of the deal said.
The 10 properties, located near large cities including Dusseldorf, Munich, Berlin and Frankfurt, were sold by Tengelmann Warenhandelsgesellschaft KG, a company that owns supermarkets, discount clothing shops and do-it-yourself stores, said the person, who asked not to be identified because the sale is private.