Blackstone will acquire a network of industrial warehouses in the US from Singapore-based GLP

Following the results of the auction, the American investment company Blackstone will conclude an agreement with Singapore GLP on the acquisition of a network of industrial warehouses in the United States for $18.7 billion, which includes GLP debt. This was reported to The Wall Street Journal by sources familiar with the situation. Thanks to a deal covering 1,300 pieces of real estate with an area of 180 square feet, Blackstone can become one of the largest owners of logistics facilities in the country. Due to this acquisition, its area will grow by more than a third to 750 million square feet. At the moment, its assets in the field of real estate amount to about 140 billion dollars. Demand for industrial warehouses has recently increased significantly against the backdrop of increased activity of Amazon.com, which is the largest tenant of GLP. Real estate in major cities is of particular value for tenants, because they allow for the delivery of goods the next day.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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