GLP sells U.S. logistics business to Blackstone for $18.7 bln
Blackstone is buying assets from three of GLP’s U.S. funds for $18.7 billion. 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. Michael Steele, Michael Brueck and Kevin Ehrhart of Kirkland & Ellis advised GLP.
3 June 2019•4 mins read
