Overview

• Lunate and Blackstone unveiled the Gulf Logistics Infrastructure Development Enterprise to develop, acquire and manage Grade A logistics assets across the GCC.
• GLIDE targets $5 billion in high-quality warehouse investments with a primary emphasis on greenfield projects.
• The strategy includes selective portfolio acquisitions and sale-and-leaseback transactions with leading regional businesses.
• The partners cite rapid growth in e-commerce, manufacturing and government-led diversification, alongside limited Grade A supply, as key demand drivers.
• Blackstone brings global logistics scale of about 1.2 billion square feet and Lunate contributes regional networks with more than $110 billion in assets under management, with plans to add GCC partners and deploy dedicated local teams.