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Blackstone acquires 5 German logistics assets

Private equity group Blackstone Group LP bought five logistics centers in Germany as part of its €450 million logistics deal, which also included €140 million worth of Polish assets purchased from Hines Global REIT Inc., Property Investor Europe reported.

The properties in Poland are fully leased to tenants including German conglomerate ThyssenKrupp, LG Electronics, Johnson & Johnson and Toshiba, the Jan. 2 report added, citing law firm Dentons, which advised Hines on the sale.