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GLP enters Europe with US$2.8b deal

It acquires Gazeley, a premier owner and operator of modern logistics facilities, with 3 million sq m in assets

Published Mon, Oct 2, 2017 · 09:50 PM
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Singapore

GLOBAL Logistic Properties Ltd (GLP) has formed a beachhead in Europe by entering into a definitive agreement to acquire Gazeley, a premier developer, owner and operator of modern logistics facilities in Europe for US$2.8 billion.

This grants GLP access to a portfolio spanning three million square metres in Europe's key logistics markets of the United Kingdom, Germany, France and the Netherlands.

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