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Blackstone relies on e-commerce with Bloomberg, a $ 18.7 billion logistics deal
Blackstone Group LP doubles on the future of online shopping by agreeing to acquire $ 18.7 billion of US logistics assets from GLP Pte in Singapore as part of what it believes is the largest real estate transaction privately owned in the world. Blackstone will acquire 179 million square feet of urban logistics assets, which will significantly increase the size of its US industrial footprint, the New York company said Sunday in a statement. While online shopping is gaining popularity, retailers wanting to expand their digital businesses and reduce delivery times are increasingly in need of storage space. These are invas …
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