Blackstone acquires $5.9 billion worth of logistics assets – Forex
American investment group Blackstone, given the growing development of e-commerce in the world, is constantly expanding its logistics space through the acquisition of new warehouse space. Until now, the area of its warehouses was about 10,000 hectares. Recently, it has begun to pay special attention to the acquisition of so-called "last mile" facilities, which are very important for companies that set themselves the task of delivering goods to customers as quickly as possible. Blackstone has entered into an agreement to purchase about 557 hectares of Warehouse area colony Industrial and its subsidiary operating platform for 5.9 billion dollars. Purchased areas are located in 465 industrial buildings in 26 markets in the United States. The closing of the deal is scheduled for the end of the year. Given the trend of shifting trade from physical retail to online sales, the group has already invested about $70 billion in warehouses around the world.