Bisnow/Sasha JonesU.S. giant Blackstone has completed one of the largest European property deals in the past few years, buying a portfolio of French industrial and retail assets for about €2B (£1.75B). M Core is the property company of the Midlands-based MacDonald-Hall family, which has a total portfolio of £5.7B in the UK, France, Poland and Romania. The deal with Blackstone would involve the sale of Proudreed’s light industrial and logistics portfolio. The industrial portfolio generates about €110M of income a year and totals about 25M SF. The total portfolio has about €1.5B of debt secured against it, the accounts say.