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Blackstone Nears Deal For Massive Industrial Portfolio In India

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Blackstone nears deal for massive industrial portfolio in India
Warehouse and development sites could allow for 18M sf of space
National Weekend Edition /
TRD Staff
CEO of The Blackstone Group Stephen A. Schwarzman. (Getty)
Blackstone Group is nearing a deal to pay $720 million for a massive portfolio of industrial property and development sites in India.
The investment firm would buy 3.5 million square feet of existing warehousing space, with the potential to build another 18 million square feet of space on top of that, according to the Wall Street Journal. ....

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Stephen Schwarzman and William Gross Are Among 13 New Signatories of the Giving Pledge

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Chairman and CEO of the Blackstone Group Stephen A. Schwarzman (left) and PIMCO s co-founder William Gross (right) are among 13 billionaires who have signed the Giving Pledge since May 2019.
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Since May 2019, another 13 billionaires around the world have signed the Giving Pledge, a global, multi-generational commitment by some of the world’s wealthiest to give a majority of their wealth to philanthropy or charitable causes, either during their lifetimes or in their wills.
Among those new to the list are William Gross, co-founder of PIMCO, the world s largest fixed-income investment company, and Stephen A. Schwarzman, chairman, CEO, and co-founder of investment firm Blackstone, according to the Giving Pledge’s announcement. ....

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