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GLP expands Japan development venture

Group and Canadian partner will each inject additional equity of US$138m

Published Wed, Oct 29, 2014 · 09:50 PM

Singapore

MODERN logistics facilities provider Global Logistic Properties (GLP) is expanding its fund management platform in Japan, hot on the heels of a similar move in Brazil in the same week.

GLP said on Wednesday that it is injecting additional equity to expand its equally-owned joint venture in Japan with Canada Pension Plan Investment Board (CPPIB).

Each partner will contribute an additional equi…

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