Blackstone hits $ 18.7 billion deal for U.S. Warehouse Network

Blackstone Group LP buys a network of US industrial warehouses from Singapore-based GLP for $ 18.7 billion, in the largest private real estate transaction that always represents an effort on the continuing explosion of e-commerce.

The deal, which culminated in an auction, could be announced as soon as Sunday, people who are familiar with the case said. Blackstone's outlawed real estate company Prologis Inc. for the approximately 180 million-square-foot portfolio, the people said.

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