Blackstone to buy GIC's stake in Australian logistics trust for $1.5 bln
Dec 10 - Blackstone Inc said on Friday it would buy Singapore wealth fund GIC's 49% stake in an Australian logistics trust for A$2.1 billion , as the U.S. private-equity giant looks to tap into the country's fast-growing e-commerce market.The deal for the stake in $Dexus$ Australia Logistics Trust $$ will be the largest investment in Asia under its Core+ Real Estate strategy, Blackstone said.Dexus will own the rest of the joint venture.About 90% of DALT's portfolio is exposed to Sydney and Melb