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Blackstone To Buy Asda Logistics Portfolio for Around £1.7 Billion

The Portfolio Comes With 25 Year Triple-Net Lease

Blackstone sees portfolio as long-income investment. (Getty Images)
Blackstone sees portfolio as long-income investment. (Getty Images)

Blackstone Group is in exclusive talks to buy Asda’s logistics portfolio for around £1.7 billion. The properties are let to big four supermarket giant Asda on a 25-year, triple-net lease yielding 4%.

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