Blackstone $18.7 billion acquisition of GLP logistics assets

Overview:

• Private equity firm Blackstone has acquired logistics assets from Singapore-based company GLP in an $18.7 billion deal, the largest private real estate transaction ever. 
• The sold logistics assets total more than 179 million square feet. 
• Eastdil Secured, Citigroup Global Markets and Goldman Sachs served as financial advisers to GLP and BofA Merrill Lynch, Barclays, Deutsche Bank, JP Morgan and Morgan Stanley advised Blackstone. 

Kurt Stumpo - US Editor