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Blackstone snaps up $126m portfolio

People & Companies / Latest News

Australia

Apr 10 2017

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Carolyn Cummins, The Sydney Morning Herald

Global investment giant Blackstone has increased its exposure to the Australian property market with the acquisition of four industrial assets for $126 million from two Charter Hall funds.

Under the deal, the Charter Hall Prime Industrial Fund (CPIF) and the Core Logistics Partnership (CLP) have sold the assets and will use the cash raised to boot their respective development projects.

 

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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