Blackstone Creates Logistics Firm Mileway with €8 Billion in Assets

30 September 2019 – Blackstone has created Mileway; a company focused on last-mile logistics in the main European markets. The company is planning on gaining share in markets where it is already present and expanding its presence to other countries.

Mileway’s portfolio consists of roughly 1,000 logistic assets with a total of nine million square meters of surface area, valued at €8 billion. The logistics assets are in the United Kingdom, Germany, Spain, France, the Netherlands and the Nordic countries.

Blackstone has been acquiring last-mile logistics assets through piecemeal transactions and portfolio acquisitions, including its €1.3 billion acquisition of Hansteen.

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Adaptation/Translation: Richard D. K. Turner