Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP
Deal said to rank as largest private real estate transaction as ecommerce boom fuels billions in logistics investments
03 June 2019 - 19:02
Singapore/Bengaluru — Blackstone Group is buying US industrial warehouse properties from Singapore-based logistics provider GLP for $18.7bn, in what the companies billed as the largest private real estate transaction globally.
The deal by the world's largest manager of alternative assets comes when investors are spending billions of dollars to snap up logistics assets as a surge in e-commerce activity spurs demand for delivery and warehouse services...
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