Logicor
| Company type | Private |
|---|---|
| Industry | Logistics, Warehousing |
| Founded | 2012 |
| Founder | Blackstone Group |
| Fate | Acquired by China Investment Corporation in 2017 |
| Headquarters | London , United Kingdom and Luxembourg |
Area served | Europe |
| Products | Logistics and warehousing services |
| Owner | China Investment Corporation (since 2017) |
| Website | logicor |
Logicor is a logistics and warehousing enterprise based in London and Luxembourg, operating throughout Europe. Created in 2012 by the Blackstone Group, it was responsible for managing Blackstone's logistics holdings across European territories. By 2017, Logicor controlled a portfolio of more than 630 facilities, which included key distribution hubs for clients such as Amazon.com. Its property assets covered the United Kingdom, Spain, and various other European countries, amounting to a total area of 13.6 million square meters. Around 40% of the company's valuation was supported by debt financing. That same year, after a competitive bidding process involving prominent Asian investors, China Investment Corporation acquired Logicor for $13.49 billion.
Establishment
Logicor was launched by Blackstone's real estate division with the purpose of consolidating and managing its logistics properties across Europe. The company quickly grew by purchasing numerous warehouses and distribution centers, ultimately becoming Europe's largest owner of contemporary logistics real estate by 2017.
Acquisition
In 2017, Blackstone aimed to sell Logicor through either an initial public offering or a private transaction. Potential buyers included China's CIC along with Singapore-based firms Mapletree Investments, Temasek, and GIC. CIC emerged as the successful bidder and finalized the €12.3 billion purchase in November 2017, representing one of the most significant deals in the European logistics real estate sector.