Prologis sells 22 warehouses to private investor
Prologis has sold 4.3 million sq ft of industrial property in England to real estate funds managed by investment firm Blackstone for £473 million.
Paul Weston, senior vice president, regional head, Prologis UK, said: “This transaction completes the realignment of our UK portfolio with our long-term investment strategy in key distribution locations in the Midlands and the South East, along with our focus on urban Last Touch properties in London.
“The outcome demonstrates the strength of the logistics sector as an investment asset class.”
Prologis said the majority of the assets were acquired from Liberty Property Trust when it acquired the company in February 2020.