Blackstone Sells Lisbon Logistics Assets – $100 Million Deal
Blackstone to Sell Logistics Portfolio in Greater Lisbon for €100 Million
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Updated as of December 9, 2025, at 18:00:04 GMT.
Transaction Details
Blackstone is preparing to sell a portfolio of eight logistics assets located in Greater Lisbon, Portugal, in a deal valued at approximately €100 million. CBRE has been appointed to lead the sales process,according to multiple reports.
These assets are part of the larger “Connect” portfolio, which originally comprised 20 properties across the Lisbon and Porto regions. Blackstone acquired the “connect” portfolio from Novobanco in 2022 for around €208 million.
Market Context
The sale occurs during a period of strong growth in the Portuguese logistics sector. Demand is high, while the supply of available logistics space is limited, making it one of the most active segments of the Portuguese real estate market, as reported by Iberian Property, citing Bloomberg.
Interest in the assets has already been expressed by both domestic and international investors, according to sources close to the process as reported by Bloomberg.
Blackstone’s Investment in Portugal
Blackstone has been actively investing in the Portuguese logistics sector for over a decade. In 2022 alone, the company invested more than €330 million in Portugal, including the acquisition of the “Connect” portfolio and an additional 15 properties from M7 Real Estate.