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GLP takes in US$32m for US$1.1b US portfolio

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Published Thu, Dec 22, 2016 · 09:50 PM

    Singapore

    GLOBAL Logistics Properties (GLP) said before market opened on Thursday a co-investor has pumped US$32 million into a fund established to hold a newly acquired US$1.1 billion logistics portfolio from Dallas-based developer Hillwood.

    The contribution from the co-investor made on Dec 21, deemed as initial syndication, corresponds to 9.7 per cent of the aggregate capital contributions made to the fund.

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