Global Logistic Properties Bets Big on Chinese Logistics Demand
Global Logistic Properties Ltd. (GLP) is forming a massive US$ 7 billion fund that will target China-based logistics. The fund is more than double the size of its previous China fund, CLF I. The Singapore-listed company operates warehouses in China, Japan, Brazil and the United States. GLP partnered on a huge deal with Singapore’s GIC, buying IndCor Properties from the Blackstone Group. The GIC is the biggest investor in GLP.
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