09.12.2014 - Global Logistic Properties to partner GIC in US$8.1 billion IndCor investment
Global Logistic Properties will be co-investing with Singapore sovereign wealth fund GIC to acquire one of the largest logistics real estate portfolios in the US for US$8.1 billion, confirming earlier speculation that it would be involved in the deal. GIC had announced last week that it and other partners were set to buy over warehouse owner IndCor from private equity giant Blackstone. The transaction provides GLP with immediate scale in the US, the world's largest economy and logistics market, as well as an experienced local management team that further strengthens GLP's team..............................................Full Article: Source
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