Blackstone is in the process of selling three logistics projects located in China to Ping An Life Insurance Co., according to a report from Bloomberg News. The transaction is valued at approximately 2.7 billion yuan, which translates to roughly $377 million.
This deal reflects ongoing activity in the Chinese real estate market, particularly in the logistics sector. The strategic sale by Blackstone indicates their assessment of current market conditions and potential returns on investment. Ping An Life Insurance’s acquisition suggests a continued interest in expanding its portfolio within the logistics and industrial real estate domain in China.
Further details, including the specific locations of the projects and the expected closing date of the sale, are currently unavailable. However, the transaction underscores the ongoing financial relationships between major international investment firms and significant Chinese insurance companies in the real estate sector. The deal was reported on February 27, 2025.
