finance partners

Blackstone, Lunate team up to launch $5B investment platform

The new venture, called GLIDE, will focus on new “Grade A” logistics assets and evaluate selective acquisitions and sale-and-leaseback transactions

Vidhyaa Chandramohan/Bloomberg via Getty Images

Skyscrapers in Abu Dhabi

Blackstone, the world’s largest alternative asset manager, is joining forces with Abu Dhabi’s Lunate to launch a $5 billion logistics investment platform across the Middle East.

The new venture, called GLIDE, will focus on developing new “Grade A” logistics...