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Global Logistic Properties Ltd (GLPL.SI)

GLPL.SI on Stock Exchange of Singapore

1.87SGD
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Global Logistic Properties to buy U.S. warehouse portfolio for $1.1 billion - WSJ, citing sources
Monday, 12 Sep 2016 06:27pm EDT 

: Global Logistic Properties to buy U.S. warehouse portfolio for $1.1 billion - WSJ, citing sources . Global Logistic Properties will own nearly 200 million square feet of warehouse property in U.S. upon completion of deal - WSJ Source : (http://on.wsj.com/2cRWech) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Global Logistic Properties to sell four Japan properties to GLP J-REIT
Tuesday, 16 Aug 2016 02:31am EDT 

Global Logistic Properties Ltd : Glp to sell four Japan properties to glp j-reit for JPY42.7BN . Transaction expected to be completed in September 2016 . Says GLP to realize cash profit of US$130 million from Japan asset sales YTD . Says net sale proceeds for GLP are estimated to be JPY26 billion .  Full Article

Global Logistic Properties reports Q1 profit for period of $250.1 mln
Thursday, 11 Aug 2016 06:30pm EDT 

Global Logistic Properties Ltd : First quarter results) . Qtrly revenue US$ 206.6 million versus US$190.2 million a year ago . GLP expects to meet its global development targets for FY 2017 . Says Q1 profit for the period US$ 250.1 million versus US$356.6 million . Expects to generate approximately US$200 million of development profit for the full year . Says no dividend has been declared or recommended in the current reporting period . Says new developments GLP started in China in 1q FY 2017 were located in markets with average lease ratio of 87% . Expects to continue growing its natural hedge policy of financing its operations in local currency . Mid to long term outlook for China remains positive" . Says expects to continue leveraging its fund management platform to strategically expand its portfolio . China operations are expected to remain stable in the near term .  Full Article

Global Logistic Properties signed new leases in China<0494.HK>
Monday, 25 Jul 2016 06:13am EDT 

Global Logistic Properties Ltd : News release - growth of organized retail drives demand for glp's warehouses in China) . Says signed new leases totaling 61,000 square meters with three companies in China, including lf logistics, a Li & Fung Company .  Full Article

Global Logistic Properties announces acquisition of new indirect subsidiaries
Friday, 15 Jul 2016 06:55am EDT 

Global Logistic Properties Ltd : Acquisition of new indirect subsidiaries . Acquired 70% shareholdings in China x-g technology via subscription of 23,333 ordinary shares for US$21.9 million . Acquisition is not expected to have any material impact on net tangible asset value and EPS of co for year ending 31 March 2017 .  Full Article

Global Logistic Properties's unit entered into agreement with new co-investor
Tuesday, 12 Jul 2016 06:18am EDT 

Global Logistic Properties Ltd : Final syndication of stake in properties in the United States of America . New western holdings, has on 12 July 2016 entered into agreements with a new co-investor . Says deal for a cash consideration of US$108 million . Will further syndicate an interest of approximately 5.45% in the target portfolio to the new co-investor .Syndication not expected to have material impact on earnings per share of the company for the financial year ending 31 March 2017.  Full Article

Global Logistic Properties unit acquired additional 20% interest in Suzhou Industrial Park Genway Factory Building Industrial Development
Friday, 1 Jul 2016 07:15am EDT 

Global Logistic Properties Ltd : Change of interest in indirect subsidiaries and an indirect associated company . Deal for for a cash consideration of RMB251 million . Unit has acquired an additional 20% interest in Suzhou Industrial Park Genway Factory Building Industrial Development . Acquisition not expected to have any material impact on nta and earnings per share of co for financial year ending 31 March 2017 .Western Park 355 DC II has acquired remaining 25% interest in Western C Reit Park 355 for a cash consideration of USD3.1 million.  Full Article

Global Logistic Properties says it will sell 50 pct share of GLP MFLP Ichikawa Shiohama
Thursday, 30 Jun 2016 02:02am EDT 

Global Logistic Properties Ltd : News release - glp sells greater Tokyo logistics development) . Glp to sell its 50% share of GLP.MFLP ichikawa shiohama for JPY15.5 billion (US$151 million) to glp j-reit . Net sale proceeds for GLP are estimated to be about JPY7.9 billion, which glp plans to reinvest into development in Japan. .  Full Article

Global Logistic Properties announces syndication of stake in U.S. properties
Wednesday, 15 Jun 2016 07:17pm EDT 

Global Logistic Properties Ltd : Further syndication of stake in properties in the United States of America . Co will further syndicate interest of approximately 9.09% in the target portfolio to new co-investor for US$180 million . Syndication not expected to have any material impact on EPS of co for FY ending 31 March 2017 .  Full Article

Global Logistic Properties signed new leases in Brazil
Thursday, 2 Jun 2016 05:14am EDT 

Global Logistic Properties Ltd : Says signed new leases totaling 20,000 square meters in são paulo with two leading companies in Brazil .  Full Article

Singapore's Global Logistic Properties buying U.S. properties for $1.1 billion

SINGAPORE Global Logistic Properties on Tuesday agreed to buy a $1.1 billion U.S. property portfolio from Hillwood Development Co, solidifying GLP's position as the second largest logistics property owner in the United States.