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BCLP advise Burstone on their strategic partnership with Blackstone in relation to its €1.1bn pan-European logistics portfolio
Sep 16, 2024BCLP advised JSE-listed REIT Burstone on its strategic partnership with Blackstone, involving the sale to Blackstone of an 80% stake in Burstone’s €1bn+ pan-European logistics portfolio held through Luxembourg, with Burstone retaining a 20% stake and continuing to manage the portfolio. The strategic partnership will look to aggregate further industrial and logistics properties across Burstone’s core European markets.
The initial 1.2m sq ft portfolio includes 32 logistics properties in seven countries across Europe, including Germany, France, and the Netherlands.
The large multi-jurisdictional, multi-disciplinary BCLP team led by John Bennett, Corporate Real Estate & Funds partner, included Partner Luke Mines, Associate Director Laura Patao-Caminas, Senior Associate Jacquelynne Baey, Associates Katharina Jungclaussen, George Dunne, and trainee Harriet Lowe; Global Head Elizabeth Bradley, Associate Director Paul Williams, and Partner Ambroise Foerster and Senior Associate Jordan Reinert (Luxembourg) supported by Partners Andy West and Christine Daric, Senior Associates Thomas Poiret and Iris Pariset-Hauret, Associates Hind Sehnoun, Allegra Benitah and Sarah Johnson and trainee Gabrielle Luk (Tax); Head of Real Estate in France Henry Ranchon, Partner Emma Le Wita, Counsels Kirsten-Inger Wöhrn, Edouard Alcouffe and Suzy Lasry, and Associates Maxime Rouah, Claire Poirot, Owen Etwaroo and Tom Pounds (Real Estate); Partner Gordon McMillan, Senior Associate Sam Burke, Associate Iris Bajraktari, and trainee Rachel Naylor (Real Estate Finance); Associate Maria Diaz Narvaez and Trainee Suelynn Lee, Arbitration Real Estate and Construction Disputes Senior Associate Nadia Hubbuck; Partner Geraldine Scali, Associate Director Benjamin Wheeler, Senior Associate Kate Jeffery and Associate Krish Raichura (Technology, Commercial and Government Affairs); Counsel Andrey Latyshev and Associate Melanie Reichmann; Employment Senior Associate Mark Kaye (Financial Transactions); Associate Director James Anderson; and Senior Legal Project Manager Hayleigh Henderson and Legal Project Coordinators Saphia Joseph and Ellie Radley.
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Real Estate
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Corporate Real Estate and Funds
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