Blackstone has sparked hopes of a post-election dealmaking spree after snapping up warehouse owner Hansteen for £500m.
The private equity giant wants Hansteen’s warehouses for its own new logistics company Mileway, which is seeking to cash in on the online shopping and food delivery boom, paying 116.5p a share for the business.
It comes as experts brace for a flood of similar takeovers, with firms expected to spend billions of pounds in the UK now that political uncertainty has been lifted by the Conservatives’ resounding general election win.
James Seppala, Blackstone’s head of European real estate, said: “This transaction is a compelling opportunity to expand our pan-European last-mile logistics…
