Blackstone Property Partners Europe, the private equity firm’s core-plus fund, is buying back a 10% stake in Logicor shortly after selling the platform to Chinese sovereign wealth fund CIC for €12.2bn (£10.7bn).
Blackstone has also been instructed by CIC to manage Logicor’s portfolio.
CIC is looking to sell other stakes in Logicor to investors and insurers.
Blackstone was an early investor in logistics real estate and its acquisition of 10% in Logicor following its sale shows the private equity group’s commitment to the sector.
The sale of Logicor to CIC, first revealed by EG in May, is the second-largest European real estate deal.
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