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.
The Singapore-listed logistics real estate investment and development firm has expanded to the US by buying the majority share of the IndCor business from Blackstone.
China Ecommerce Boom Drives $2.5bn Deal For Stake in Logistics Group GLP
By Simon RabinovitchGlobal Logistic Properties, a large Asian warehouse operator, will raise $2.5bn by selling up to a third of its China business to statebacked investors, in a deal that highlights the explosive gro