Blackstone to Acquire ProLogis Assets
October 19, 2010- Share:
The Blackstone Group has agreed to acquire certain assets from ProLogis (NYSE: PLD) for $1.02 billion. The transaction includes about 180 North American industrial properties, a minority interest in Hilton New Orleans Riverside and a 20% stake in ProLogis North American Property Funds VI - VIII. ProLogis is an industrial real estate investor with distribution facilities in North America, Europe and Asia.
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