LONDON, Feb 15 (Bernama-BUSINESS WIRE) — Blackstone (NYSE: BX) today announced that existing investors in Mileway, its 14.7 million square meter pan-European last mile logistics company, have agreed to recapitalize the company for €21 billion alongside Blackstone’s Core+ strategy, and to hold the business for the long term. The recapitalization remains subject to a “go-shop” process which will commence immediately.
Over the past six years, Blackstone and Mileway’s management team have grown the company into the largest last mile logistics portfolio in Europe. Today it comprises over 1,700 high-quality, last mile logistics assets, amounting to 14.7 million square meters across 10 countries.