GLP expands its global footprint with the acquisition of Gazeley for 2.4 billion euros. GLP itnends to inject assets into its fund management platform.
A Chinese-backed consortium made an offer for one of the world’s largest warehousing companies, Global Logistic Properties Ltd., in what would be the biggest deal ever recorded in Southeast Asia.
Global Logistic Properties to Buy 200 U.S. Warehouses for $4.6 billion
GLP’s acquisition from Industrial Income Trust makes it the second-largest property owner and operator in the U.S., with 173 million square feet of space under its control.
Singapore-based logistics fund manager GLP announced today it has agreed to acquire a $1.1 billion US logistics real estate portfolio from Dallas-based Hillwood Development Company.