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.
GLP Establishes Long-Term Strategic Partnership with CIMC
GLP has signed a strategic cooperation framework agreement with China International Marine Containers, a leading China-domiciled company specializing in providing modern transportation equipment and services.
GLP Continued Capital Recycling Strategy with Further Asset Sales
GLP will sell four properties in Japan to GLP JREIT for JPY42.7 billion (US$420 million). The sale price is 3% higher than latest appraisal values2 and equates to a weighted average cap rate of 4.8%.