Blackstone Sells Aussie Logistics Portfolio to GIC and ESR

Posted on 04/18/2021

Blackstone Group sold a portfolio of warehouse and logistics assets in Australia to Hong Kong-listed property manager ESR Cayman Ltd. and a SWF for approximately A$ 3.8 billion. ESR and Singapore’s GIC Private Limited formed a vehicle to buy the properties from the Blackstone Group. GIC will contribute 80% of equity, while ESR will account […]

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