London is set for its biggest float in more than half a decade, City A.M. can reveal.
Private equity giant Blackstone is aiming to list warehouse business Logicor, which is valued at around €13bn (£11bn), on the London Stock Exchange in 2017.
Sources told City A.M. the initial public offering (IPO) could come in the first six months of the year.
The IPO would be a major boost to the London market after numerous floats were pulled towards the end of 2016.
Commercial landlord giant Logicor, which owns around 600 warehouses and counts Amazon among its customers, was founded by Blackstone’s real estate unit in 2012 to operate and manage its logistics assets in Europe.
If the listing goes ahead as expected, it would be the biggest IPO in the UK since Glencore went public in 2011 with a valuation of £36bn.
Banking heavyweight…