Global Logistics Properties
From Taighde
Global Logistics Properties is logistics business based in Singapore and listed on the Singapore Exchange. The GIC Real Estate, a unit of Government of Singapore Investment Corporation (GIC) controls the company. It purchase the majority of the shares from ProLogis. The GIC listed GLP on Singapore Stock Exchange in October 2010 and is expected to have a value of close to $3 billion. The stock started trading on October 18. GIC kept keep a 51% controlling stake after the IPO.
GLP is expected to raise $500 million from issuing perpetual capital securities in December 2011.[1]
GLP is Asia's largest industrial and logistics infrastructure provider with billions of US dollars worth of assets under management in 26 markets in the region. All of its assets are in China or Japan. GLP owns, manages and leases 296 properties within 122 integrated parks spread across 25 cities.
In China, GLP controls 60 logistics parks in 18 major Chinese cities, covering all major China logistics hubs. Its portfolio completed and under construction totaled 3.29 million sqm at the end of January. The facilities are located in the cities of Beijing, Chengdu, Chongqing, Dalian, Foshan, Guangzhou, Hangzhou, Jiaxing, Ningbo, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuxi and Zhuhai.
GLP also controls 72 logistics parks in Japan with a portfolio totaling approximately 2.5 million sqm. The facilities are located in the major markets of Tokyo, Osaka, Nagoya, Sendai, Sapporo, Niigata, Fukuoka, and Hiroshima.
