Global logistics real estate company Prologis has launched a bid to acquire Blackstone’s portfolio of logistics properties in Europe, the Financial Times reported on Monday.
Prologis has made a non-binding offer of a little over €21bn for Mileway, a portfolio of almost 2,000 European warehouses that Blackstone has been building through acquisitions over the past six years, according to the report, which cited people familiar with the matter.
Blackstone launched Mileway, its 14.7 million square meter pan-European last mile logistics company, in 2019.
Last month, Blackstone had announced €21bn recapitalization of Mileway.
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.