Blackstone (BX) and Lunate, an Abu Dhabi-based global investment management firm with over $110B in assets under management, announced a strategic partnership to invest in logistics assets across the Gulf Cooperation Council region. “Under the partnership, Blackstone, which is the largest owner of logistics assets globally at over 1.2 billion square feet, and Lunate, which has an extensive regional network and investment capabilities, will establish Gulf Logistics Infrastructure Development Enterprise – a platform dedicated to the development, acquisition and management of Grade A logistics assets across the GCC. It is expected that additional strategic partners in the GCC will also participate in GLIDE, which will have dedicated teams across the region, supporting its build-out,” the companies stated.
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