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Blackstone to acquire stake in Dexus trust for $2.6b
Transactions - OCTOBER 26, 2021

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Blackstone to acquire stake in Dexus trust for $2.6b

by Andrea Zander

Blackstone has made an offer for a 49 percent stake in the A$3.5 billion ($2.6 billion) Dexus-managed Australian Logistics Trust (DALT), reported The Australian.

GIC is selling its stake in DALT. Singapore’s sovereign wealth fund acquired its stake in 2018 for A$1.4 billion ($1 billion). Dexus holds the remaining stake.

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