GCTL Accelerates Energy Transformation by Equipping Customers with New Energy Storage Technology
GCTL, a joint venture between GLP and Contemporary Amperex Technology Ltd. (CATL), the world’s leading battery provider and the largest maker of electric vehicle (EV) batteries, has been actively driving development of energy storage infrastructure in industrial and commercial sectors in China.
GLP, a Singapore-based provider of logistics facilities, is making its third industrial acquisition in the U.S. with plans to purchase a $1.1 billion portfolio from Hillwood Development Co. in several phases starting later this year.
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.
Asked about his philosophy of corporate governance, Global Logistic Properties (GLP) non-executive chairman Seek Ngee Huat brings up the Chinese philosophical concepts of yin and yang.