Blackstone has launched Norla, a Stockholm-based logistics investment platform focused on the Nordic region. It is set to become operational in the coming year.
Norla will give investors more direct exposure to high-growth last-mile warehouses that support e-commerce. The platform will encompass more than 200 warehouses across Sweden, Denmark, and Finland. The properties cover more than two million square meters.
The assets have an initial value of approximately €3 billion, and most are already owned by Blackstone funds. The launch comes as the logistics sector matures and investors increasingly seek more specific exposure by geography and asset type.