SUBSCRIBERS

GLP beefs up plans for China, Japan, Brazil

Global development start budget for FY2015 has been raised by 38% to US$2.7b

Angela Tan

Published Fri, Jun 27, 2014 · 10:00 PM

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes