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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese group spends $2.5 bln to buy into Singapore’s GLP

Posted on 19 February 2014

A group of Chinese investors has made a bet on the nation’s growing demand for warehouses with a $2.51 billion investment in Singapore’s Global Logistic Properties. GLP is 37% owned by Singapore sovereign-wealth fund GIC Pte. Ltd.
The group, which includes Bank of China Group Investment and private-equity firm Hopu Funds, will invest $2.35 billion in GLP China, giving it a 34% stake in the mainland unit of GLP, and $163 million in the Singapore-listed unit. Another member of the group is a large Chinese insurer, whose identity wasn’t disclosed………………………………………..Full Article: Source


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