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Blackstone buys European logistics portfolio from Cromwell for €65.7m

Sales price of assets represents a premium of 15.2% to original purchase price
CoStar News
March 25, 2020 | 11:44 AM

Cromwell European Real Estate Investment Trust has completed the sale of 12 assets in France, Denmark and the Netherlands for €65.7m to funds advised by affiliates of the Blackstone Group Inc. The properties had been managed on behalf of CEREIT by its sponsor, Cromwell Property Group, through Cromwell’s integrated European investment management platform.

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