GIC-Led Group Seeks Billions for Blackstone’s IndCor

Posted on 11/04/2014


The Blackstone Group is nearing a deal to exit Chicago-based IndCor Properties Inc, a massive holder of American industrial properties such as warehouses. An investor group led by Singapore’s GIC Private Limited may pay an excess of US$ 8 billion for IndCor. The group is looking to raise US$ 5 billion in debt to fund […]