Private equity giant Blackstone has agreed to buy US$18.7 billion worth of assets from Singapore logistics firm GLP in a deal that is touted to be the largest private real-estate transaction ever, and a vote of confidence in the future of online retailing.The transaction will see Blackstone buy assets from three of GLP’s US funds, including 179 million square feet of urban, infill logistics assets, which would nearly double the size of Blackstone’s existing US industrial footprint.Blackstone…
Source : South China Morning Post
Read more…Blackstone buys logistics assets from Singapore’s GLP for record US.7 billion
