{"id":89397,"date":"2025-10-07T00:00:00","date_gmt":"2025-10-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/10\/07\/lunate-blackstone-set-up-gcc-focused-usd-5-bn-logistics-platform\/"},"modified":"2025-10-07T00:00:00","modified_gmt":"2025-10-07T00:00:00","slug":"lunate-blackstone-set-up-gcc-focused-usd-5-bn-logistics-platform","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/10\/07\/lunate-blackstone-set-up-gcc-focused-usd-5-bn-logistics-platform\/","title":{"rendered":"Lunate + Blackstone set up GCC-focused USD 5 bn logistics platform"},"content":{"rendered":"

Lunate, Blackstone back GCC logistics endeavors: <\/strong>Abu Dhabi asset manager Lunate formed a strategic partnership with alternative asset manager Blackstone to develop a new platform to build a USD 5 bn portfolio of Grade A logistics assets across the GCC, according to statements here<\/a> and here<\/a>. More GCC-based strategic partners could join the platform later down the line to support the build-out, the statements said. <\/p>\n

What\u2019s in the cards? <\/strong> The platform, named Gulf Logistics Infrastructure Development Enterprise (Glide), will develop, acquire, and manage USD 5 bn worth of logistics assets across the region, with a focus on greenfield developments. It will also target sale and leaseback transactions with regional firms, it said. <\/p>\n

The rationale: <\/strong>The move aims to address the gap in the availability of Grade A logistics facilities in the GCC \u2014 a market that has seen a significant rise in manufacturing and e-commerce sectors. <\/p>\n

Demand for logistics and industrial assets reached record levels last year in Dubai alone<\/strong>, with demand for 40.6 mn sq ft in industrial and logistics space throughout the year. Supply has been struggling to keep up, with firms having to delay their expansion plans by two to four years. Grade A warehouses in prime locations were nearly fully occupied<\/a>, with record-high occupancy rates of 90-95%, according to JLL\u2019s Abhishek Mittal. <\/p>\n

REMEMBER- Institutional investors are piling into the UAE\u2019s real estate market<\/strong>. <\/strong>Big names like Blackstone, along with Canadian multinational Brookfield Corporation and Singapore\u2019s state-owned investment firm Temasek Holding have been eyeing Dubai\u2019s real estate sector<\/a>, with all three aiming to deploy funds here in the UAE across mixed-use and commercial assets. <\/p>\n

Saudi\u2019s warehousing market at a glance:<\/strong> The Kingdom\u2019s warehouses closed in on 100% occupancy rates in 1H 2025, driven by steady e-commerce growth, boosted investments, and government initiatives, according to data from Knight Frank<\/a>. Riyadh recorded a 16% y-o-y hike in warehouse rents, averaging SAR 208 per sqm, with an overall occupancy rate of 98%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new platform, Glide, will invest in Grade A logistics assets across the GCC<\/p>\n","protected":false},"author":1,"featured_media":89398,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[44,31,207,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-saudi-arabia","tag-storage-warehouses","tag-uae","wpautop","entry"],"acf":{"mongo_id":"54f39321-4efa-417f-89d7-09b76a53415c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/920.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lunate + Blackstone set up new platform to invest USD 5 bn in GCC logistics","related_issue":[89392],"teaser":"The new platform, Glide, will invest in Grade A logistics assets across the GCC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.c451f5b6-427e-49d4-b772-a4a905999431.mp3"},"yoast_head":"\nLunate + Blackstone set up GCC-focused USD 5 bn logistics platform - 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