GLP beefs up plans for China, Japan, Brazil
Global development start budget for FY2015 has been raised by 38% to US$2.7b
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Angela Tan
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Singapore
GLOBAL Logistic Properties (GLP) is stepping up its growth plans, notably in China, where companies are vastly under- served by an inefficient logistics and transportation sector.
The Singapore-listed group, which already boasts a property portfolio in 63 cities covering 25 million square metres - the size of 3,500 football fields - has bumped up its global development start budget for fiscal year 2015 by 38 per cent to US$2.7 billion.
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