Blackstone just announced an $18.7 billion real-estate bet on e-commerce (BX) – Business Insider

Blackstone just announced an .7 billion real-estate bet on e-commerce (BX)  Business Insider

– Blackstone announced it is buying .7 billion worth of US warehouse assets from the Singapore-based GLP. – The deal is a bet on the future of e-commerce and logistics growth. – Watch Blackstone trade live. Blackstone just announced an .7 billion deal to purchase 179 million square feet of logistics assets, primarily warehouses, from Singapore-based GLP. Measured by square feet, the deal is the largest private real-estate transaction globally, according to the private-equity giant. Blackstone Real Estate’s global opportunistic strategy, Blackstone Real Estate Partners, will acquire 1…

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