Blackstone Group is betting big on ecommerce with an $18.7 billion purchase of warehouse assets across the U.S., a move the company says is the world’s biggest private equity real estate deal. The properties span 179 million square feet overall, and Blackstone is buying them from the Singapore company GLP Pte, according to Bloomberg. Retailers have needed more space for warehouse property as the popularity of online shopping continues to grow. Blackstone has made several deals […]
source https://therealdeal.com/national/2019/06/03/blackstone-just-pulled-off-the-biggest-private-equity-real-estate-deal-in-history/#new_tab
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