Increasingly attractive: Blackstone is eyeing the company as an improving economy boosts demand for logistics properties. – Reuters
LONDON: A Blackstone Group LP and M7 Real Estate Ltd venture is nearing a deal to acquire Hansteen Holdings Plc’s continental European property assets as an improving economy boosts demand for logistics assets, according to two people with knowledge of the matter.
The Onyx venture is offering about 1.3 billion euros (US$1.4bil) to London-based Hansteen for the properties, the people said, asking not to be identified as the details aren’t public.
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