Blackstone buys GLP’s US logistics assets in record $18.7b deal

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

Global alternative assets giant Blackstone Group has agreed to acquire the US logistics assets of Singapore-based GLP for a record $18.7 billion, including debt, in what is perhaps the biggest private equity deal in the real estate sector.

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