October 6, 2025
Partnership to create GLIDE, a platform targeting US$5 billion of high-quality warehouses across the GCC
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 private 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.
Jon Gray, President and Chief Operating Officer at Blackstone, said: “The profound economic transformation underway in the GCC, driven by pro-growth policies, favorable demographic shifts and broad-based economic diversification, is creating powerful momentum for sectors like logistics. We are thrilled to partner with Lunate to combine our investment expertise and deep logistics experience with their strong GCC presence and capabilities to build GLIDE, a pan-regional logistics platform at scale.”
Khalifa Al Suwaidi, Managing Partner at Lunate, said: “We are proud to join forces with Blackstone—the world’s largest private logistics assets owner—to launch GLIDE, a unique platform designed to capitalize on opportunities in the GCC logistics market. GLIDE will offer our clients and investors access to compelling investments in high-quality logistics assets and support the development of new infrastructure to drive growth across the GCC. This partnership combines global scale with regional expertise to unlock a market ready for transformation.”
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.
Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone’s current views with respect to, among other things, its operations, taxes, earnings and financial performance and the strategic partnership referred to herein. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in its subsequent filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in its other subsequent filings. The forward-looking statements speak only as of the date of this release, and Blackstone undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Media Contacts
Blackstone
Dafina Grapci-Penney
[email protected]
+44 (0)755 367 3528
Lunate
[email protected]