CONTERA enters a new era: the CT Real Estate Portfolio will be acquired by Blackstone for approximately EUR 470 million
The Czech property development and investment group CONTERA has reached a significant milestone with the launch of its cooperation with Blackstone, the world's largest alternative asset manager. Blackstone has agreed to acquire CT Real Estate, a portfolio of 10 logistics parks, from TPG Real Estate, with whom CONTERA has successfully partnered on its industrial portfolio since 2019. In addition, Blackstone has committed to buy a portion of the stake directly from CONTERA, with Blackstone holding a majority stake in CONTERA's industrial portfolio upon closing of the transaction. CONTERA will remain a minority shareholder, property manager and developer.