GLP, Canada Pension Plan in JV to develop Japan projects
Singapore
GLOBAL Logistic Properties (GLP) and Canada Pension Plan Investment Board (CPPIB) have set up an equally held joint venture to develop logistics facilities in Japan.
GLP, a developer of cutting-edge warehouses, said on Wednesday that the new GLP Japan Development Venture II will have total equity commitments of 100 billion yen (S$1.23 billion) to start, but the size of the 50-50 venture is expected to reach US$2 billion over three years, GLP said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly