Abu Dhabi’s Lunate and U.S. alternative-asset giant Blackstone are teaming up on a US$5 billion platform

Abu Dhabi’s Lunate and U.S. alternative-asset giant Blackstone are teaming up on a US$5 billion platform—GLIDE—to develop and acquire Grade-A warehouses and logistics assets across the GCC, including greenfield builds and sale-and-leasebacks. Blackstone is already the world’s largest logistics owner; the tie-up targets what the partners call a significant regional capacity gap.