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Blackstone To Buy U.S. Logistics Assets From Singapore-based GLP For $18.7 Bln

Blackstone Group LP (BX) said that it agreed to buy U.S. Logistics Assets from Singapore-based GLP for $18.7 Billion.

Blackstone Real Estate's global opportunistic BREP strategy will buy 115 million square feet for $13.4 billion. Blackstone Real Estate Income Trust will acquire 64 million square feet for $5.3 billion, Blackstone Group said in a statement.

GLP said it will remain invested in the U.S. across real estate, technology, and credit and is committed long-term to the U.S. market.

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