Logistics

Prologis sells €242m logistics portfolio to Blackstone
Assets sold on case-by-case basis as part of deleveraging process

AEW Europe to create €1bn logistics 'superfund' after merger
Merger creates platform, brand 'well placed' to take advantage of consolidation in sector.

Sovereign wealth joint venture acquires €1.2bn Japan logistics portfolio
Listed subsidiary, owned by Chinese and Singapore sovereign wealth funds, buys €1.2bn in assets.

UCP looks to sell off assets amid mixed market results
Company considering "ways of monetising assets", with a Singapore REIT under consideration.

Hermes offloads logistics fund to insurer-backed Segro joint venture
Segro and private equity manager Moorfield agree to pay £315m for UK Logistics Fund.

Canada Pension Plan injects more capital into Chinese logistics JV
Partnership with Australia-based Goodman Group has now invested $500m in venture.

Investors, occupiers 'out of sync' on UK logistics, says IPD
Investors more 'in sync' with occupiers in appetite for prime versus secondary assets.

Property deal roundup: Aligned, Townsend, RREEF, Hannover, Highstreet, DES, Saller, Union
Aligned Asset Managers acquires majority stake in Townsend Group.

L&G Property raises new capital and extends life of Leisure Fund
Fund manager also given permission to extend fund's life by six years to 2020.

EPISO buys into Prague logistics through VGP joint venture
EPISO, co-advised by AEW Europe and Tristan Capital, takes 80% ownership of semi-industrial complexes.

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