Blackstone’s European Last-Mile Logistics Deal Values Mileway at $24 Billion

Blackstone Inc. is doubling down on its warehousing bet that is aimed at ensuring same-day delivery of food and goods by reinvesting in its European last-mile logistics real-estate company, a transaction valued at almost $24 billion.

The deal represents the biggest private real estate transaction globally since 1995, according to Dealogic. It also ranks as the largest M&A transaction in Europe involving private companies since 2012, according to the data provider.

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