Deal to buy warehouses from Singapore-based GLP is largest private real estate transaction ever

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Blackstone Group is buying a network of US industrial warehouses from Singapore-based GLP for $18.7bn, in the largest private real estate transaction ever and a big bet on the continued explosion of e-commerce.

The companies announced the deal Sunday, following an earlier 

 report. Blackstone outbid real estate company Prologis for the roughly 180-million-square-foot portfolio, according to people familiar with the matter.

Blackstone strikes record $18.7bn deal for US warehouse network

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