Blackstone is preparing to sell a portfolio of eight logistics assets in Greater Lisbon, in a deal that could be worth around €100 million. The transaction is being led by CBRE, which has been appointed to head up the process.
These properties are entering the market at a time of strong momentum in the logistics segment, driven by a shortage of supply and high demand, making it one of the most active segments of the Portuguese property market.
According to Bloomberg, and based on sources close to the process, the assets were placed on the market earlier this month and have already attracted the interest of several investors, both domestic and foreign.
The assets in question were part of the "Connect" portfolio, comprising 20 properties in the Lisbon and Porto regions, acquired by Blackstone from Novo Banco in 2022 for around €208 million.
With a presence in the national logistics sector for over a decade, the US manager has been strengthening its commitment to Portugal. In 2022 alone, it spent over €330 million on the purchase of the "Connect" portfolio and another 15 properties from M7 Real Estate.
