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.
GLP J-REIT’s strong debut on the Tokyo Stock Exchange underscored how REITs are becoming a bright spot on Japan’s stock market, bolstered by a recovery in commercial rental and property prices and improving supply & demand conditions.