Blackstone Group Inc said on Monday it would buy U.S. industrial warehouses from...
Shares of Colony Capital jumped 14% to $6.72 before the bell.
Blackstone said in June it would buy U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally.
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Blackstone to buy Colony Capital industrial real estate assets in a $5.9 billion dealBlackstone Group Inc. affiliate Blackstone Real Estate Partners IX confirmed Monday a deal to buy Colony Industrial, the industrial real estate assets and industrial operating platform of Colony Capital, for $5.9 billion, including debt. Colony Industrial's portfolio represents about 60 million square feet of assets across 465 industrial buildings in 26 U.S. markets. The deal includes Colony's 51% interest in a 4 million square foot portfolio of bulk distribution assets. The deal announcement confirms a report in The Wall Street Journal that said a deal was planned to be announced Monday. Blackstone's stock, which was still inactive in premarket trading, has soared 68.5% year to date, while the Dow Jones Industrial Average has gained 15.0%.
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Blackstone Snaps Up Colony Capital Warehouses for $5.9 BillionBlackstone Group has struck a deal to buy a portfolio of U.S. industrial warehouses from Colony Capital for $5.9 billion, including debt, furthering its bet on the continued growth of e-commerce.
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Blackstone Snaps Up Colony Capital Warehouses for $5.9 BillionBlackstone Group has struck a deal to buy a portfolio of U.S. industrial warehouses from Colony Capital for $5.9 billion, including debt, furthering its bet on the continued growth of e-commerce.
Read more »
Blackstone to buy Colony Capital industrial real estate assets in a $5.9 billion dealBlackstone Group Inc. affiliate Blackstone Real Estate Partners IX confirmed Monday a deal to buy Colony Industrial, the industrial real estate assets and industrial operating platform of Colony Capital, for $5.9 billion, including debt. Colony Industrial's portfolio represents about 60 million square feet of assets across 465 industrial buildings in 26 U.S. markets. The deal includes Colony's 51% interest in a 4 million square foot portfolio of bulk distribution assets. The deal announcement confirms a report in The Wall Street Journal that said a deal was planned to be announced Monday. Blackstone's stock, which was still inactive in premarket trading, has soared 68.5% year to date, while the Dow Jones Industrial Average has gained 15.0%.
Read more »
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