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Blackstone to buy U.S. logistics assets from GLP for $18.7 billion

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Christian Fernsby ▼ | June 3, 2019
GLP and Blackstone announced that they have entered into an agreement for Blackstone to acquire assets from three of GLP’s U.S. funds for a purchase price of $18.7 billion.
Blackstone
Acquisition   This overall transaction totals 179 million square feet
This overall transaction totals 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing U.S. industrial footprint.

Blackstone Real Estate’s global opportunistic BREP strategy will acquire 115 million square feet for $13.4 billion and its income-oriented non-listed REIT, Blackstone Real Estate Income Trust (BREIT), will acquire 64 million square feet for $5.3 billion.

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