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GIC said to be in US$8b deal to buy Blackstone's property unit

World's biggest private equity firm has reached in-principle agreement to sell the industrial property company to GIC-led group: Sources

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GIC Pte Ltd's planned purchase of Blackstone Group LP's US industrial property company signals the Singapore investment agency's appetite for real estate even as investments by other state funds wane.

New York

GIC Pte Ltd's planned purchase of Blackstone Group LP's US industrial property company signals the Singapore investment agency's appetite for real estate even as investments by other state funds wane