Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Blackstone Buys GLP’s US Logistics Assets for $18.7B to Meet E-Commerce Demand

Making a major investment to meet demand for e-commerce warehouse space in the U.S., Blackstone Real Estate reached a deal to acquire assets from three of GLP’s U.S. funds for $18.7 billion. The transaction comprises 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing U.S. industrial footprint. The portfolio…

This content is for Annual, Limited and SJ Promo- 40% off members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!