A Blackstone Inc. business has agreed to buy six industrial properties in the Toronto area.
“Global logistics is one of our highest-conviction investment themes, and high-quality, last-mile industrial properties like these continue to benefit from some of the strongest real estate fundamentals in Canada,” said Janice Lin, Blackstone’s head of Canada real estate. Blackstone has plowed money into industrial properties in recent years, spending roughly US$1 billion since September to acquire spaces globally in areas such as Europe, China, Canada and India.
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