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%.
GLP Expands Into Europe via its Fund Management Platform
GLP has entered into a definitive agreement to acquire Gazeley, a premier developer, owner and operator of modern logistics facilities in Europe for approximately US$2.8 billion.