Global Logistic Properties, a warehouse owner part-owned by Singapore’s sovereign-wealth fund, said Tuesday it is acquiring about 200 U.S. warehouses for $4.6 billion in one of the largest real estate deals of the year.
The deal, which has been signed but not yet closed, marks a further expansion of Global Logistic’s foothold in U.S. industrial property. Late last year, the company and GIC Pte. Ltd., the sovereign-wealth fund, joined to buy IndCor Properties, another large warehouse portfolio, from buyout firm Blackstone Group LP for $8.1 billion...............................................Full Article: Source
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