Blackstone to Acquire GIC's Stake in Australian Logistics Trust
10 Dezembro 2021 - 1:43AM
Dow Jones News
By Stuart Condie
SYDNEY--Australian real-estate group Dexus said Blackstone Inc.
has agreed to acquire Singapore sovereign wealth fund GIC's 49%
stake in a joint-venture Australian logistics trust.
Dexus said its joint-venture partner GIC had entered into a
binding agreement to sell its stake following an unsolicited
proposal by Blackstone.
Dexus, which owns 51% of the trust, did not give financial
details. The Dexus Australian Logistics Trust's assets include
properties in Sydney and Melbourne.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
December 09, 2021 23:28 ET (04:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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