160 properties haven't satiated Blackstone's Nordic logistics chief

In less than two years, Blackstone has built up its Mileway logistics business, which now owns more than 160 real estate assets in the Nordics. Mileway's Nordic lead elaborates on the group's selective acquisition strategy.

"We want to expand our portfolio in our market area so we can accommodate our customers' growing need to get closer to their clientele | Photo: PR / Mileway

US-based alternatives investor Blackstone is widely known for buying up rental properties in ways that have often attracted criticism and even led to calls for legislation to curb the influence of the well-capitalized US business.

Meanwhile however, the another part of the investor's global setup has been quietly amassing volume: Logistics operator Mileway, established in 2019 when Blackstone consolidated its logistics and so-called box properties, typically for used for goods requiring a lot of space, into a single entity.

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