SINGAPORE-Global Logistic Properties Ltd. is forming joint ventures with Canada Pension Plan Investment Board, China Investment Corp. and Government of Singapore Investment Corp. The aim of both is to buy a $1.4-billion platform in Brazil and will establish the largest logistics platform in the country, according to a statement.
Further, GLP will act as asset manager of both joint ventures with a 40-person team. GLP also revealed that 88% of the two joint ventures’ combined assets are located in the primary logistics markets of S
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