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Sovereign Wealth Funds Briefing - Categorized | Market

Singapore’s GLP enters JV to develop Suzhou logistics park

Posted on 25 February 2011

From Reuters: Singapore’s Global Logistic Properties , which owns warehouses and other logistic assets, said it has entered into a joint venture to develop a logistics park in Suzhou, China worth a total of $200 million. GLP is a unit of Singapore sovereign wealth fund GIC.
The park will be jointly developed with Suzhou New District Bonded Logistic Center Development, who owns 10 percent of the joint venture, while GLP owns the remaining 90 percent………………………………………..Full Article: Source


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