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.
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.