MIPIM: Logicor 2014 Review
During 2014, Logicor, Blackstone’s European logistics real estate company, rapidly grew to become the second largest owner and operator of logistics property in Europe.
Logicor’s property portfolio currently totals over 6.7 million sq m (72 million sq ft). This has more than doubled from the 33 million sq ft at the beginning of 2014.
Selected 2014 notable achievements include:
- 12 portfolio acquisitions, adding 111 warehouse assets at an approximate cost of €2bn
- Expansion into six new markets including Germany, Spain, Portugal and Italy
- Opened three new offices: Warsaw, Frankfurt and Madrid
- The recruitment of 34 employees
Mo Barzegar, Logicor CEO & President commented:
2014 was an exceptional year for us as we more than doubled the size of our portfolio and entered Germany, Italy and Portugal. We continued to execute on our stated strategy of acquiring modern, functional logistics assets in supply-constrained locations in proximity to major transportation networks and population centers.
We remain very positive about the outlook for Logicor’s continued growth in 2015 and about the future of Logicor as a dominant Pan-European owner and operator of modern logistics facilities.
Logicor, Blackstone's European logistics platform, is one of the premier real estate companies in Europe focusing on the operation of modern logistics and distribution properties. Logicor currently owns in excess of 6.7 million square metres of space in properties across key markets in 12 countries.