By Andrew McIntyre (November 30, 2021, 5:29 PM EST) -- Simpson Thacher represented Blackstone Group in connection with its deal, announced Tuesday, to purchase two industrial portfolios from Goodwin-counseled Cabot Properties for a total of $2.8 billion.
Blackstone Real Estate Income Trust Inc. purchased a 15.2 million-square-foot portfolio that includes properties in multiple U.S. states, while Blackstone's European Core+ business picked up a 2.2 million-square-foot portfolio of properties in Europe.
The deals come amid increased demand for logistics space as retailers need more space near metro areas to make good on same-day, next-day and two-day shipping promises.
"The logistics sector continues to benefit from strong tailwinds driven by e-commerce. We are...
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