Blackstone strikes the largest private real estate deal in history, buys Singapore-based GLP for $18.7bn

(Opalesque) The alternative investment manager Blackstone has struck the largest private real estate deal in history when it signed a deal to buy the US warehouses portfolio of Singapore-based GLP for $18.7bn, including debt.

The transaction to acquire assets from three of GLP’s U.S. funds follows a prolonged bidding war for the asset against ProLogis.

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