Business News Flash – New York, NY

June 6, 2019


NYC-based Blackstone strikes record $18-billion deal for warehouse real estate


New York CityNew York City-based private equity firm Blackstone has closed an $18.7 billion deal for warehouse real estate. The company purchased the U.S. assets of Singapore logistics company GLP.

The purchase is the largest real estate deal in history.

The warehouse properties included in the deal are mainly large distribution centers located near airport runways, highways, large ports, and rail hubs.




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