Singapore-listed Global Logistics Properties (GLP) says it will raise S$414.4 million (US$339 million) in gross proceeds by issuing new shares through a private placement. GLP will issue 160 million new shares at S$2.59 to partly fund its acquisition of Brazilian logistic assets. The company said on Wednesday that it would form joint ventures with the Canada Pension Plan Investment Board, China...
Global Logistics Properties
Asia's largest logistic facilities provider, Global Logistics Properties (GLP), will contribute 30 properties in Japan to set up a real estate investment corporation in Japan (J-REIT). The properties are worth US$2.6 billion (S$3.2 billion) and GLP expects to raise a net US$1.3 billion (S$1.6 billion) from the sale of the assets. In a statement on Thursday, GLP says the proceeds will be used primarily...
Asia's largest logistic facilities provider, Global Logistics Properties (GLP), has signed new leasing agreements totalling 44,000 square metres of its space in southern China. In a filing with the Singapore Exchange, the firm said the leases were for two of its facilities in Guangdong Province. Located along the Guangzhou-Dongguan-Shenzhen economic corridor, GLP Park Zengcheng leased out 30,000 sqm of...