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Investment

Blackstone buys GIC's stake in logistics trust for $2.1bn

BY CHLOE WALKER | MONDAY, 13 DEC 2021 12:36PM

Blackstone has acquired Singapore wealth fund GIC's 49% stake in the Dexus Australian Logistics Trust (DALT) for $2.1 billion, as the private equity giant looks to tap into the country's fast growing e-commerce market.

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