ARTICLES TAGGED WITH "Blackstone"

Nyfosa sells to Blackstone

Sweden Sweden — Nyfosa has signed an agreement to divest 9 light-industrial and warehouse properties with a total lettable area of 58,000 square meters. The properties are located in Burlöv, Gothenburg, Haninge, Huddinge and Härryda. The agreed property value amounts to MSEK 761 (EUR 65.6 million).

Exclusive with Blackstone: “The Nordics Is One of Our Core Markets”

Nordic — Michael Swank, Senior Managing Director, Blackstone, tells Nordic Property News about the Nordic investment plans, the focus segment in the Nordics and the company’s view on ESG when investing.

Blackstone Acquires Swedish Portfolio from Corem for SEK 5.35 Billion

Sweden Sweden — Today, Corem Property Group signed an agreement to divest a portfolio of 47 properties from a subsidiary to an entity owned by funds advised by an affiliate of The Blackstone Group International Partners LLP.

Niam Acquires from Blackstone and Areim in Gothenburg

Sweden Sweden — Niam has acquired Kruthuset 17, a modern office- and logistic property close to the central station in Gothenburg. Kruthuset 17 consists of 68,000 sqm lettable area and has multiple tenants, the largest being PostNord, Trafikverket and CGI. The property is certified according to Breeam Very Good. The sellers are funds managed by Blackstone and Areim.

Mileway Signs Over 75,000 sqm of Lease Agreements across Sweden

Sweden Sweden — Blackstone-owned Mileway announces a series of renewed and new lease agreements – totalling more than 75,000 sqm – across Sweden.

Blackstone Makes Record-Breaking Recapitalization of Mileway

Nordic — Blackstone has announced that existing investors in Mileway, its 14.7 million square meter pan-European last mile logistics company, have agreed to recapitalize the company for EUR 21 billion alongside Blackstone’s Core+ strategy.

Blackstone's Mileway Acquires Major Portfolio

Denmark Denmark — Blackstone's Mileway has acquired 16 last mile logistics assets over the last four months in Denmark, adding over 185,000 sqm to its portfolio, as the company continues its growth strategy across the Nordics.

Blackstone’s Mileway Brings in Keyplayer

Sweden Sweden — Mileway secures important piece to the Nordic team.

Blackstone Ready to Transform Stockholm Office Building

Sweden Sweden — Blackstone and Scius Partners in progress to modernize 34,000 sqm Södermalm property into state of the art office building.

Castellum Acquires Kielo for Approximately EUR 640M

Finland Finland — Castellum acquires the real estate company Kielo, part-owned and managed by Brunswick Real Estate, for approximately EUR 640 million.

Areim and Blackstone Divest Office Asset in Stockholm

Sweden Sweden — Areim and real estate funds managed by Blackstone have divested the property Lysbomben 5 to Axfast AB, a Swedish family-owned property company. The property is a 16,000 sqm office asset, located on Kungsholmen in central Stockholm.

The Blackstone Company’s Nordic Targets: “We Are Continuing our Expansion”

Nordic — Mileway has signed a lease agreement in Sweden with Budbee. Tomas Beck, Mileway Country Director for the Nordics, tells Nordic Property News about the partnership, the Nordic performance the last year, and future targets.

Blackstone's Mileway Adds Five New Names to the Nordic Team

Nordic — Blackstone's transaction-intensive last-mile logistics company Mileway continues to build their team in the Nordics and add five new names to the roster.

Blackstone’s Mileway Adds New Piece to their Nordic Puzzle

Nordic — Mileway continues to build their Nordic team. Now they’ve added a new player.

Blackstone Acquires Office Property in Stockholm

Sweden Sweden — Blackstone acquires a 12,300 sqm office property in Södermalm, Stockholm, from Angelo Gordon and Scius.

Leaves Balder for Blackstone’s Mileway

Nordic — Blackstone-owned Mileway makes another appointment to their Nordic team.

Blackstone Makes New Nordic Appointment to the Mileway Team

Nordic — The Blackstone company Mileway continues to invest heavily in the Nordics. In addition to the new major acquisition from Castellum, they are adding another important person to their team.

Castellum Divests Further Properties to Blackstone for SEK 4.8 Billion

Sweden Sweden — Castellum has entered into an agreement with real estate funds managed by Blackstone to divest a further 53 properties for net proceeds of SEK 4.8 billion after deductions for deferred tax and overheads of SEK 0.2 billion. The agreed property value involves a premium of 27 percent against the Q3 2020 valuation and 15 percent against the Q4 2020 valuation. Hand-over will take place on 3 May. The assets will be incorporated into Blackstone’s pan-European last mile logistics platform, Mileway.

Castellum's CEO on the Withdrawn Entra Offer

Norway Norway — Henrik Saxborn on what happens now with the Entra holdings, and the next step in the giant Blackstone deal.

Blackstone Company in Major Lease Agreement

Nordic — Exclusive at Nordic Property News: Mileway signs a new 15-year lease with existing customer.

The Swedish Competition Authority Approves Blackstone’s Acquisition from Castellum

Sweden Sweden — Castellum notes that the Swedish Competition Authority has granted regulatory competition approval for Blackstone’s acquisition of a portfolio of 214 income-producing warehouse and logistics assets from Castellum for SEK 18.1 billion.

Castellum Doesn't Give Up on Entra: ”Together We Can Create Something Amazing”

Norway Norway — Castellum's CEO Henrik Saxborn on the revised offer to acquire the majority of the shares in the Norwegian heavyweight Entra, and the recent blockbuster divestment to the Blackstone subsidiary.

Castellum Increases Entra Offer – and Announces Major Sale to Blackstone

Sweden Sweden — On November 26, 2020, Castellum announced the intention to launch a share exchange and cash offer to eligible Entra's shareholders. Castellum now increases the consideration in the offer by 13.9% by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 1852 per Entra share excluding synergies.

Klövern Divests to Blackstone's Mileway

Sweden Sweden — Klövern divests 12 properties in Malmö, Lund, Norrköping and Västerås for SEK 610 million.

Why Blackstone Are Struggling in Finding Assets

Nordic — The Blackstone team summarizes the first three quarters of 2019, and comments on the effects on the investment market, due to Covid-19.