TPG Real Estate has sold its logistics portfolio, CTRE, comprising ten strategically located parks in the Czech Republic and Slovakia, to Blackstone for €470 million. Initially launched in 2019 with a €90 million investment in partnership with local landlord Contera, CTRE has grown to approximately 500,000 square meters of logistics facilities. White & Case advised on the transaction with a team led by Partners Petr Panek, Vaclav Kubr, and Jan Linda, alongside Local Partner Karel Petrzela, Counsels Magda Olysarova and Vladimir Ivanco, and Associates Barbora Vaculova and Katerina Hudeckova. Schoenherr provided legal counsel with a team including Partners Vladimir Cizek, Sona Hekelova, and Michal Lucivjansky, supported by Counsels Otakar Fiala, Zuzana Hnatova, and Peter Devinsky, and a large group of attorneys and associates across their offices. The deal underscores the growing importance of strategically located logistics assets in the region and highlights TPG Real Estate’s success in scaling its portfolio over the past five years.