GLP completes first tranche of China agreement

Singapore

GLOBAL Logistic Properties (GLP) has completed the first part of its agreement with a group of Chinese investors.

The provider of modern logistic facilities in China, Japan and Brazil had entered into an agreement with a group of leading Chinese institutions, including Bank of China Group Investment Limited, China Life and HOPU Funds in February for an up to US$2.5 billion investment in GLP.