NEW YORK -- GLP, Asia's largest warehouse property owner, has reached a deal to sell its U.S. warehouses, including those used by Amazon, to Wall Street firm Blackstone for $18.7 billion, including debt.
Under new Chinese owners, Singapore-based logistics giant shifts focus to Asia and Europe

An Amazon fulfillment center in Baltimore, Maryland. E-commerce has given logistics real estate a boom in recent years. © Reuters
NEW YORK -- GLP, Asia's largest warehouse property owner, has reached a deal to sell its U.S. warehouses, including those used by Amazon, to Wall Street firm Blackstone for $18.7 billion, including debt.