Weekly investor roundup: Blackstone buys GIC's Australian logistics trust stake for $1.5bn; Korea's NPS wins bid for UBS London HQ
Blackstone to acquire GIC’s 49% stake in Dexus Australian Logistics Trust for $1.5 billion; Korea's National Pension Service, working with LaSalle, was the winning bidder for UBS Group AG's London headquarters; Canada's CDPQ to buy minority stake in Hong Kong-based supply chain compliance provider QIMA for $250 million; Softbank's SPAC to merge with Symbotic, an AI supply chain startup; and more.
TOP NEWS OF THE WEEK
Blackstone is acquiring Singapore sovereign wealth fund GIC’s 49% stake in Dexus Australian Logistics Trust for $1.5 billion, betting on the rising demand for e-commerce in the country.
With the acquisition of GIC’s stake in the Australian logistics trust, Blackstone will add 77 premium-grade logistics assets located in Sydney and Melbourne into its portfolio.
The deal adds to the private equity firm’s investments into warehousing globally after it acquire…
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