You are here

GLP US Income Partners III fund gets further syndication of stake as co-investor injects US$26m

35587317 - 29_07_2015 - rwglp30.jpg
Another committed co-investor pumped in US$26 million cash into GLP US Income Partners III, warehouse provider Global Logistics Properties (GLP) announced on Friday.

ANOTHER committed co-investor pumped in US$26 million cash into GLP US Income Partners III, warehouse provider Global Logistics Properties (GLP) announced on Friday. The fund was established to hold a newly acquired US$1.1 billion logistics portfolio from Dallas-based developer Hillwood.

The further syndication corresponds to approximately 8.1 per cent of the aggregate capital contributions made to the fund.

Following this, the interest of New Harvest Holdings in the fund and its subsidiaries has been reduced from about 90.3 per cent to 82.2 per cent.

New Harvest is GLP's indirect wholly owned subsidiary and a limited partner of the fund.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom