02.12.2014 - Blackstone Group will receive 8.1 billion for the sale of industrial assets
American corporation Blackstone Group reached a preliminary agreement on the sale of a portfolio that includes a number of objects of industrial sphere among which are GIC Pte and Global Logistic properties. The transaction price will be approximately $ 8.1 billion. The company owns 117 million square feet of commercial real estate, which the company acquired due to low prices. We are positive about the move of the company, and expect growth of quotations by 20-25% per annum, but we should buy the shares after the correction on the stock markets.