It is understood that Blackstone has acquired Harbert Management Corporation’s holdings at Heywood Distribution Park and Trafford Park.
It has not been disclosed how much Blackstone paid for the portfolio, but it is rumoured to be in the region of £480m.
At Trafford Park, Harbert acquired 2m sq ft of assets from Segro in 2012 and has since developed roughly the same amount again in partnership with Canmoor.
As part of the same £204m deal, Harbert also acquired Heywood Distribution Park and Kings Norton Business Centre and Meteor Park, both in Birmingham.
The Trafford Park portfolio includes Trafford Point, a pair of warehouses totalling 240,000 sq ft on Ashburton Road West close to Junction 10 of the M60, and North Point units one and two, industrial warehouses of around 62,000 sq ft each on Mosley Road.
Clarion Events, the organiser of Multimodal, is owned by funds advised and managed by Blackstone
