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February 4, 2013
05:25 EDTBX, PRUBlackstone's LogiCor acquires Polish logistics assets from Panattoni Europe
Panattoni Europe has disposed of two portfolios of logistics assets located in Poland to affiliates of LogiCor, the pan-European logistics platform established by real estate funds managed by affiliates of the Blackstone Group (BX). The first transaction closed in October 2012 and consisted of four projects located in Poland's key logistics markets. The projects were previously held by a joint-venture between Panattoni and another investor. The second transaction closed in December 2012, and consisted of a portfolio of nine newly-built logistics assets throughout Poland. The portfolio was co-developed with Pramerica Real Estate Investors, the European arm of the U.S.-based Prudential Financial's (PRU) real estate investment management and advisory business.
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