Simpson Thacher is representing Blackstone Real Estate in connection with its acquisition of an 80% stake in a c. €1 billion pan-European logistics portfolio owned by the Johannesburg-listed Burstone Group. The portfolio includes assets located across Germany, France, the Netherlands, Belgium, Poland, Spain and Italy. Burstone will retain a 20% stake and will continue to manage the portfolio.
The Simpson Thacher team includes Wheatly MacNamara, Adam Brunk, Kathryn Alexander, João Mota de Campos, Seema Walji, Lucy Hannon, Barbora Cechova, Ndjodi Ndeunyema and Max Herberg Fernandez (M&A); Tom Lloyd, Richelle Teo, Trishala Shah and Hun Lee (Financing); and Sarah Lindley, Chris Dorman and Sefia Jivraj (Tax).