A Blackstone Inc. business has agreed to buy six industrial properties in the Toronto area.
Blackstone Real Estate is paying more than C$400 million ($297 million) in cash for the properties, which total 1.5 million square feet (140,000 square meters) and are all fully leased. The transaction is one of the largest trades of a private industrial portfolio in Canada in recent years.
“Global logistics is one of our highest-conviction investment themes, and high-quality, last-mile industrial properties like these continue to benefit from some of the strongest real estate fundamentals in Canada,” said Janice Lin, Blackstone’s head of Canada real ...
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