Blackstone and Lunate, an Abu Dhabi–based global investment management firm with more than $110 billion in assets under management, have formed a partnership to invest in logistics assets across the Gulf Cooperation Council region (GCC).
Under the partnership, Blackstone, which is the largest private owner of logistics assets globally at more than 1.2 billion square feet, and Lunate, which has an extensive regional network and investment capabilities, will establish Gulf Logistics Infrastructure Development Enterprise (GLIDE), a platform dedicated to the development, acquisition and management of class A logistics assets across the GCC. It is expected that additional strategic partners in the GCC will also participate in GLIDE, which will have dedicated teams across the region, supporting its buildout.
Demand for logistics in the GCC is growing rapidly, driven by a number of factors including economic growth, rising ecommerce and manufacturing activity. At the same t
