Global Logistics Has Steak In China's Growth

Singapore-based logistics fund manager GLP announced today it has agreed to acquire a $1.1 billion US logistics real estate portfolio from Dallas-based Hillwood Development Company. The portfolio’s 32 assets, which total 15 million square feet across the US, will be purchased in two tranches at a going-in cap rate of 5.7 percent.

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GLP Park Beijing Airport, Beijing, China