Partnership between "Blackstone" and"Color" To invest in high -quality warehouse assets of $ 5 billion
New York on October 6 / WAM / Blackstone has announced the largest company in the world to manage alternative assets, and “Lunite”, the International Investment Management Company that is based in Abu Dhabi and runs its values exceeding $ 110 billion today, a strategic partnership for investment in the assets of the logistical services sector in the Gulf Cooperation Council region.
According to the partnership, Blackston, which is the largest owner of logistical services globally, will have an area of more than 1.2 billion square feet, and the company “Lunit”, which owns a wide regional network and large investment capabilities, creates “the infrastructure development platform for logistics services in the Gulf region – Glide – to be specialized in acquisition, development and management of logistical service assets of the first category in The area.
Other strategic partners from the Gulf region are expected to join the platform, which will have specialized teams throughout the region to develop it.
The logistical services sector in the Gulf countries is witnessing rapid growth thanks to a number of factors, including economic growth and the increase in e -commerce activities and strong industrial activity.
At the same time, there is a large gap in the availability of the first -category logistical facilities that feature modern specifications, high operational efficiency and adherence to international standards, creating attractive investment opportunities in the region.
The GLIDE platform aims to invest in the assets of high -quality warehouses of $ 5 billion, as it will seek to accelerate the process of developing the logistical infrastructure in the Gulf region, with a main focus on new projects, in addition to selective acquisitions, concluding sales deals and re -leasing with leading regional companies.
John Gray, President and CEO of Operations at Blackstone said: The remarkable economic transformation in the Gulf Cooperation Council states, which is driven by supportive policies of growth, favorable demographic transformations, and the application of economic diversification policies, contributes to enhancing the momentum of sectors such as the logistical services sector and we in turn look to cooperate with Lunite to employ our investment experiences and our deep experience in the field of logistical services With the strong presence of Lunite and its capabilities in the Gulf region, with the aim of establishing a large -scale regional platform for the logistical services sector.
Khalifa Al -Suwaidi, the administrative partner of Lunite, said: We are pleased to cooperate with Blackstone, the world’s largest owner of logistical assets, to launch the GLIDE platform that aims to employ the opportunities available in the logistical services market in the Gulf states and this platform will provide room for our customers and investors to reach attractive investments in high -quality logistical assets and facilities, and support efforts to develop a new infrastructure to enhance Growth in the region also combines this partnership between geographical presence and extensive regional experiences of the two companies to take advantage of opportunities in the market optimally.
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