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Blackstone seen making US$2b profit from IndCor deal

It is selling the warehouse owner to GIC for US$8.1b; transaction is Blackstone's largest-ever private sale of a property holding

New York

BLACKSTONE Group LP stands to make a profit of more than US$2 billion by selling warehouse owner IndCor Properties Inc to Singapore's GIC Pte Ltd, according to a person with knowledge of the matter.

Blackstone, the world's largest manager of alternative assets such as...

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