Blackstone is in exclusive negotiations to acquire a majority stake in a €1.1 billion European logistics property portfolio from Burstone Group. The portfolio includes 32 properties spread across seven countries.

This potential acquisition underscores Blackstone's continued interest in the logistics sector, which has seen significant growth due to the rise of e-commerce and supply chain demands. The deal, if finalized, would further solidify Blackstone's position in the European logistics market.