Blackstone to buy U.S. logistics assets from GLP for $18.7 billionChristian 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.
Acquisition This overall transaction totals 179 million square feet
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. ■