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Benzinga
Benzinga
Business
Shivani Kumaresan

Prologis Aims For Blackstone's €21B Logistics Portfolio: FT

Blackstone Prologis PLD NYSE
  • Warehouse proprietor Prologis Inc (NYSE:PLD) has launched a bid for Blackstone’s €21 billion portfolio of logistics properties, the Financial Times reported.
  • If completed, it could be the biggest ever non-public actual property deal.
  • The company has made the non-binding offer for Mileway, a portfolio of approximately 2,000 European warehouses that Blackstone has been constructing for six years.
  • The report added that if the Prologis bid is profitable, it could give the corporate a dominant place in European last-mile amenities, smaller warehouses that serve prospects in cities.
  • Price Action: PLD shares closed lower by 0.77% at $158.92 on Monday.
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