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

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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…

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