SINGAPORE—Global Logistic Properties Limited, a leading provider of modern logistics facilities in China, Japan and Brazil, has entered into a landmark agreement with a group of leading Chinese domestic institutions that will result in an investment of more than $2.5 billion.
This transaction is expected to substantially increase GLP's growth, as development pace accelerates on the back of access to strategic land holdings, customer relationships and increased business opportunities with the Strategic Partners.
The Strategic Partners include a large Chinese insurance company, Bank of China Group Investment Limited (100% subsidiary of Bank of China), and HOPU Funds. HOPU Funds is backed by China's largest state-owned companies and institutional investors.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
