Press Release

Kirkland Represents GLP on Sale of U.S. Logistics Business to Blackstone for $18.7 Billion

Kirkland & Ellis advised GLP, a global investment manager, on the sale of its U.S. logistics business to Blackstone for a purchase price of $18.7 billion. The sale includes logistics properties owned across 3 separate GLP U.S. funds and totals 179 million square feet of urban logistics assets. The deal represents the largest ever private real estate transaction globally. This transaction follows a series of mandates and fundraisings which Kirkland has undertaken for GLP globally.

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Kirkland fielded an international, cross-disciplinary team which was co-led by transactional partners Michael Steele and Michael Brueck, and associate David Perechocky, real estate partners Kevin Ehrhart and Cody Sonntag, investment funds partner Kelly Ryan, and tax partner Mike Beinus.