June 6, 2019

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

Source: Antoine Gara, Forbes.com

New 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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