Walmart Expands Footprint with GLP; Expansion Demand from Organized Retail Sector
GLP extends its partnership with Walmart with a new 32,000 sqm (344,000 sq ft) build-to-suit agreement in Southern China. Walmart is expanding with GLP at its existing location.
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.