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The Blackstone Group – Acquisition of logistics portfolio in Spain

The New York-based alternative investment firm, The Blackstone Group, has acquired from the Madrid-based real estate investment trust, Lar España, a logistics portfolio for €120 million. The portfolio comprises five warehouses with a combined surface area of 162,000 m2 and an occupancy rate of 100%, and a plot of land for development with a surface area of 182,000 m2.