US private equity group Blackstone has appointed Mo Barzegar to head its European logistics company LogiCor.
US private equity group Blackstone has appointed Mo Barzegar to head its European logistics company LogiCor.
LogiCor was founded by Blackstone’s real estate unit in 2012 to manage and operate its European logistics assets. Barzegar was most recently managing director for Europe at AMB Property Corporation.
'Logistics assets are an important part of our real estate portfolio, and under Mo’s leadership we expect that we will continue to grow and develop our European logistics platform,' said Ken Caplan, head of real estate for Blackstone in Europe.
LogiCor today owns 2.5 million m2 in 91 high-quality properties in the UK, France and Poland, serving the logistics and distribution needs of manufacturers, retailers and third-party logistics solutions providers.
Blackstone’s comparable company in the US, IndCor, currently manages properties totaling 83 million sq ft in 40 logistics markets in 23 states.
At AMB, Barzegar headed a team that was responsible for acquiring and developing 15 million sq ft of logistics properties across 12 markets, valued at over $1.8 bn.
