New York, NY and Abu Dhabi, UAE – 6 October 2025 – Blackstone (NYSE: BX), the world’s largest alternative asset manager, and Lunate, an Abu Dhabi-based global investment management firm with over US$110 billion in assets under management, today announced a strategic partnership to invest in logistics assets across the Gulf Cooperation Council region (“GCC”).
 
Under the partnership, Blackstone, which is the largest owner of logistics assets globally at over 1.2 billion square feet, and Lunate, which has an extensive regional network and investment capabilities, will establish Gulf Logistics Infrastructure Development Enterprise (“GLIDE”)—a platform dedicated to the development, acquisition and management of Grade A logistics assets across the GCC. It is expected that additional strategic partners in the GCC will also participate in GLIDE, which will have dedicated teams across the region, supporting its build-out.
 
Demand for logistics in the GCC is growing rapidly, driven by a number of factors including economic growth, rising e-commerce and manufacturing activity. At the same time, there is currently a significant gap in the availability of Grade A logistics facilities—featuring modern specifications, superior operational efficiency, and adherence to international standards—which is creating compelling investment opportunities in the region. Targeting US$5 billion in high-quality warehouse assets, GLIDE will seek to accelerate the development of logistics infrastructure in the GCC, focusing primarily on greenfield developments, complemented by selective portfolio acquisitions and sale‑and‑leaseback transactions with leading regional businesses.
 

 

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US$325 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust, Inc. (NYSE: BXMT).

About Lunate
Lunate is an independent global investment firm with more than US$110 billion in AuM, headquartered in Abu Dhabi. With a core focus on private markets, we are also active across the broader asset management spectrum, working with a diverse client base that includes institutions, family offices and corporates.
 
As a leader in private market solutions, we leverage our scale, agility and access to top-tier partners to invest across multiple asset classes and geographies through our co-mingled funds, customized portfolios and SMAs, seeking to deliver superior risk-adjusted returns for our clients. Lunate has also established Alterra, the world’s largest private climate investment vehicle and Axight, focused on mid-market opportunities in Asia Pacific.
 
Complementing its private markets platform, Lunate offers investors a range of conventional and thematic ETFs, defined benefit solutions through Ghaf Benefits, and wealth management services.
 
For more information, please visit www.lunate.com.
 
Lunate Capital Limited, Axight Capital Limited and Alterra Management Limited are regulated by ADGM FSRA, Lunate Capital LLC is regulated by SCA, and are all subsidiaries of Lunate Holding RSC Limited.

Media Contacts
 
Blackstone
Dafina Grapci-Penney
Dafina.GrapciPenney@Blackstone.com
+44 (0)755 367 3528

Lunate
media@lunate.com