News: Global Logistic Properties Ltd (GLPL.SI)

GLPL.SI on Stock Exchange of Singapore

28 Aug 2015
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Thu, Jul 30 2015

Singapore's GLP Q1 profit up 49 pct; cuts China warehouse development goal

SINGAPORE, July 31 - Global Logistic Properties Ltd (GLP) on Friday booked a 49 percent rise in first-quarter profit on rising asset values and income from an expanded fund management platform, but cut its China warehouse development goal due to market uncertainty.

GLP to buy U.S. logistics portfolio for $4.55 billion

SINGAPORE, July 29 - Singapore-listed Global Logistic Properties Ltd (GLP) said it has agreed to buy a $4.55 billion logistics portfolio in the United States from Industrial Income Trust, expanding its presence in the market by 50 percent.

GLP to set up $7 bln fund to expand logistics facilities in China

HONG KONG, July 21 - Singapore-listed Global Logistic Properties Ltd (GLP) said on Tuesday it plans to set up its second China-focused logistics infrastructure fund with seven investors, and aims to invest up to $7 billion in the sector in the next four years.

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