Blackstone today announced that existing investors in Mileway have completed the previously announced €21 billion recapitalization of the company alongside Blackstone’s Core+ perpetual capital vehicles.
Mileway is the largest owner of last mile logistics real estate assets in Europe.
Mileway’s portfolio comprises over 1,700 high-quality, last mile logistics assets, amounting to 14.7 million square meters across 10 countries.
Morgan Stanley & Co. International plc provided a fairness opinion with respect to the consideration to be received and Eastdil Secured International Limited provided a real estate value fairness opinion, in each case to the selling funds in connection with the transaction. Morgan Stanley & Co. International plc also completed a “go-shop” process on the selling funds’ behalf.