New Blackstone venture to go extra mile in last-mile logistics

Blackstone has launched a new company to house a huge portfolio of last-mile logistics investments across Europe. The investment giant claims Mileway will be the largest last-mile logistics company in Europe, holding 1,000 or so properties across 100 cities that Blackstone funds have bought over recent years. The portfolio is understood to be valued at some €8bn (£7.1bn). James Seppala, head of Blackstone Real Estate Europe, described the establishment of the new Amsterdam-based company as “a natural evolution of our European logistics strategy”. “Mileway will meet growing e-commerce-related demand for last-mile logistics real estate, facilitate faster delivery times and support