Blackstone to launch investment platform for Nordics warehouses
BX•Blackstone said it is launching Norla, a logistics investment platform for Sweden, Denmark and Finland, with more than 200 warehouses spanning over two million square metres. The assets will initially be worth about €3 billion, a source familiar with the matter said.
1. Platform details
Norla will focus mainly on last-mile warehouses supporting e-commerce and is set to be operational next year. It will contain mainly assets already owned by Blackstone funds, but could include some third-party assets.
2. Investor demand
“As the sector has matured, we are seeing investors increasingly seek more granular exposure by geography and asset type,” said James Seppala, Blackstone’s head of real estate in Europe.
