M&A

Blackstone expands China logistics footprint with $1.1 bln investment

Investment for 70% stake in a Guangzhou logistics park, which houses tenants such as SF Express and Alibaba’s Tmall, expands Blackstone’s China presence to 23 cities.

Guangzhou city skyline at dusk

FA Reporters

November 11, 2020

Major alternative investments manager Blackstone is bolstering its presence in China with a $1.1 billion investment for a 70% stake in a Greater Bay Area urban logistics park.

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