| Warehouse operator Global Logistic Properties Ltd, which owns properties in China and Japan, is looking for acquisitions after growth on the mainland drove an 11 percent rise in third quarter net profit.
GLP, about 50 percent-owned by the Government of Singapore Investment Corporation sovereign wealth fund, said it earned $91.2 million in net profit for the three months ended in December, compared with $82.1 million for the same period a year ago. GLP in December teamed up with Chinese sovereign wealth fund the China Investment Corp to buy 15 warehouses in Japan for $1.6 billion from LaSalle Investment Management...............................................Full Article: Source
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