Knight Frank sells pan-European Clover portfolio on behalf of Real I.S. to Blackstone

Real I.S. has sold the pan-European, multi-sector CLOVER portfolio, which formed part of its Bayerische Grundvermögen II (BGV II) fund offered to institutional investors, to real estate funds managed by Blackstone, one of the world’s leading investment firms.

The portfolio comprises a total of twelve properties with approximately 168,700 square meters of office, retail and logistics space and has a geographical reach covering Germany, France, UK and the Netherlands. Well-known anchor tenants in the portfolio’s properties include REWE, Netto, Hermes, Dachser, Rhenus as well as public-sector authorities, to name a few.

Knight Frank represented Real I.S.