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Blackstone To Sell IndCor Properties to Sovereign Wealth Fund GIC for $8.1 Billion

Sale of 117 Million SF of Warehouse-Distribution Space Largest Among Recent String of Industrial Portfolio Sales
CoStar News
December 2, 2014 | 1:59 P.M.

Translated from English.

Funds affiliated with private equity giant The Blackstone Group have agreed to sell their wholly-owned U.S. industrial platform, IndCor Properties, to affiliates of GIC, Singapore’s sovereign wealth fund, for $8.1 billion.

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