New York-based private equity fund, the real estate arm of Blackstone, has acquired Singapore-based GIC’s 49% stake in Dexus Australia Logistics Trust (DALT), which operates a portfolio of logistics assets in Australia .
The companies did not disclose the transaction value of the transaction in their statements. However, Blackstone said in a statement that it was âBlackstone Real Estate’s largest investment in Asiaâ to date.
DALT operates 77 premium logistics assets concentrated in Sydney and Melbourne, with strong exposure to densely populated areas and major transportation hubs.
Increases exposure to logistics
âThe transaction significantly increases our Asia Core + Real Estate exposure to the logistics space and is in line with our strategy of overweighting high conviction sectors and locations,â said Frank Cohen, Head of Core + Real Estate at Blackstone, in a statement. . a statement friday.
Other key Blackstone transactions in Australia this year include the sale of Milestone, an Australian logistics portfolio, in the largest private real estate transaction in the country at the time; acquisition of Fort Knox Self-Storage, a portfolio of self-storage assets in Melbourne; and a controlling stake in Grosvenor Place, an iconic office tower in Sydney’s central business district.
âWe are delighted to have worked with GIC to grow this high quality portfolio. This new relationship offers a stable source of long-term capital to invest alongside us. We welcome Blackstone to our platform and look forward to continuing to drive the strong performance of the partnership, âsaid Darren Steinberg, CEO of Dexus, in a statement.
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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade a CFD.
You can still benefit if the market moves in your favor, or suffer a loss if it moves against you. However, with traditional trading, you enter into a contract to exchange legal ownership of individual stocks or commodities for cash, and you own it until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the total value of the CFD trade to open a position. But with traditional trading, you buy the assets for the full amount. In the UK there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs come with overnight costs to hold trades (unless you’re using 1 to 1 leverage), making them more suitable for short-term trading opportunities. Stocks and commodities are more normally bought and held longer. You could also pay a commission or brokerage fees when buying and selling assets directly and you would need a place to store them safely.
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