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 To Acquire US$4.55 Billion US Logistics Portfolio
GLP has entered into a definitive agreement to acquire a US$4.55 billion2 US logistics portfolio from Industrial Income Trust (“IIT”). GLP intends to inject the portfolio into its fund management platform.
