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Asian group buys 200 US warehouses

31 July 2015

Global Logistic Properties (GLP), a leading provider of logistics facilities in China, Japan and Brazil, has acquired a $4.55 billion US logistics portfolio from Industrial Income Trust.

GLP is part-owned by Singapore’s sovereign wealth fund.

The move makes GLP the second largest logistics property owner and operator in the US within a year of market entry.

The transaction enlarges GLP’s US footprint by 50% to 173 million square feet (16.1 million square metres).
 
Globally, warehouse property is in demand.

GLP also announced a $7 billion infrastructure investment fund for warehouse space in China.

In April, Prologis bought warehouse owner KTR Capital Partners for $5.9 billion.

 
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