DLA Piper has advised global asset management company Blackstone on the acquisition of a logistics portfolio. The logistics portfolio, located in France and Germany, comprises of 17 platforms and approximately 750,000 sq.m. and is intended to become part of Blackstone's logistics unit Logicor. The portfolio was aquired from Foncière des Régions, a French listed real estate investment trust.
The DLA Piper team was led by partners Dr Carsten Loll (Real Estate, Munich) Dominik Stühler (Corporate, Munich) and Antoine Mercier (Real Estate, Paris). The team comprised of partners Dr. Jan Schinköth (Corporate, Munich), Dr. Wolfram Distler (Finance, Frankfurt) and Dr. Konrad Rohde (Tax, Frankfurt); senior associates Christiane Conrads (Real Estate, Cologne), Dr. Kai Terstiege (Corporate, Munich) and Rebecca Schulz (Finance, Frankfurt) as well as associates Roman Scheuschner (Real Estate, Cologne), Myriam Mejdoubi, Julien Chabanat and Charlotte Louis-Sylvestre (all Real Estate, Paris).
Blackstone is a global leader in real estate investing. Founded in 1991, Blackstone’s real estate business is the largest opportunistic real estate investment manager in the world, with US $69 billion of assets under management. Blackstone’s portfolio includes hotel, office, retail, industrial and residential properties in the U.S., Europe and Asia. Major holdings include Hilton Worldwide, Equity Office Properties and Brixmor shopping centers.