Blackstone group acquires 17.4 million square feet of warehouse space

Blackstone Group buys 124 logistics properties with 17.4 million square feet of space worth $2.8 billion

Blackstone Group, the New York City-based investment management company, is widening its logistics portfolio. The firm, which invests in everything from real estate to health care to IT, on Tuesday bought up a $2.8 billion portfolio of warehouse space from Cabot Properties in two separate transactions. The portfolio consists of 124 logistics properties in the United States and Europe.

The U.S. side of the Cabot portfolio was acquired by Blackstone Real Estate Income Trust, which owns properties...

https://www.freightwaves.com/news/blackstone-group-acquires-17-4-million-square-feet-of-warehouse-space

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