GLP Completes Acquisition of Gazeley and Establishes Two New European Funds
GLP today announced that it has completed the acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.
GLP today announced that its shareholders have approved the proposed acquisition of all the issued and paid-up ordinary shares in the capital of GLP, by Nesta Investment Holdings Limited, via a scheme of arrangement, at the Scheme Meeting held today.
GLP reported earnings (PATMI) of US$231 million for the three months ended 30 September 2017, up 34% year-on-year, driven by higher revaluations and foreign exchange gains.
GLP China to Issue RMB1.0bn (US$152m) of Panda Bonds via China's Interbank Market
GLP is the first international company to issue panda bonds on both the Shanghai Stock Exchange and China’s Interbank Market. The bonds have a five-year tenure and carry an annual coupon of 4.99%.