BIG DEAL: CIC Acquires Logicor
The China Investment Corporation (CIC) beat out other bidders to acquire Logicor for €12.25 billion from The Blackstone Group. London-based Logicor is Blackstone’s pan European logistics company that operates a portfolio of logistics assets totaling 147 million square feet, in 17 countries with over 70% concentrated in the U.K., Germany, France and Southern Europe. The Blackstone Group brought in Mo Barzega to run Logicor. He was Managing Director of Europe for AMB Property Corporation (AMB) until 2011, when AMB then merged with Prologis. Blackstone built Logicor through over 50 acquisitions.
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