Blackstone is buying a network of industrial warehouses for $18.7 billion in the largest private real-estate transaction ever
Blackstone Group LP is buying a network of U.S. industrial warehouses from Singapore-based GLP for $18.7 billion, including debt, in the largest private real-estate transaction ever.
The deal, culminating an auction, could be announced as soon as Sunday, people familiar with the matter said. Blackstone outbid real-estate company Prologis Inc. for the roughly 180-million-square-foot portfolio, the people said.
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