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European logistics real estate fund sells assets to Blackstone

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Genevieve Cua

Genevieve Cua

Published Wed, Jan 19, 2022 · 09:50 PM

Singapore

A EUROPEAN logistics real estate fund managed by Elite Partners Capital has completed the sale of its entire portfolio to a fund managed by the Blackstone Group for 520 million euros (S$795 million).

The sale has enabled the closed-ended Elite Logistics Fund I, listed on private exchange ADDX, to achieve an annualised return more than double its 12 per cent per annum target.

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