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Stock impact report

Blackstone's Warehouse Spree Adds €470 Million Czech Deal [Yahoo! Finance]

TPG Inc. - Class A (TPG) 
Company Research Source: Yahoo! Finance
properties in one of the largest real estate transactions on the continent this year as it doubles down on logistics. Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx Brace for a Nationwide Shuffle of Corporate Headquarters City Hall Is Hiring American Institute of Architects CEO Resigns Cloud Computing Tax Threatens Chicago's Silicon Valley Dream The private equity firm has bought CT Real Estate, a portfolio of 10 logistics parks for €470 million ($495 million) from a venture led by TPG Real Estate, people with knowledge of the transaction said. The portfolio, which is located mostly in and around cities in the Czech Republic, spans about 500,000 square meters (5.4 million square feet), the people added, asking not to be identified discussing confidential terms of the transaction. Warehouse properties have been among Blackstone's top real estate bets for more than a decade, with the asset class now accounting for about 60% of its Europ Show less Read more
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