16.08.2012 - Singapore SWF unit seeks China growth from Amazon: Southeast Asia
Global Logistic Properties Ltd. (GLP), a unit of Singapore’s sovereign wealth fund, said its China assets will match those in Japan as tenants, including online retailers Amazon.com Inc. and 360buy.com, add more space. The company invested $1 billion in China last year and expects to expand from that base as it attracts tenants with modern warehouses in the world’s fastest-growing major economy, Chief Executive Officer Ming Z. Mei said. The net asset value in China will match that in Japan in six to 12 months, he said...............................................Full Article: Source
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