15.09.2010 - GIC's logistics arm GLP valued at over $8 bln
From Reuters: The logistics unit of Singapore sovereign fund GIC has assets worth over $8 billion and the fund hopes to sell a minority stake in the business at 1.3 to 1.4 times book value, a source briefed on the listing said on Tuesday. The source also said that 65 percent of Global Logistic Properties' (GLP) asset value comprises warehouses and other buildings in Japan, with China accounting for the remainder. The GIC unit owns 296 properties of which 69 are in Japan..............................................Full Article: Source
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