Vanke said to be in talks to join China group bidding for GLP

Hong Kong

CHINA Vanke Co, a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd, people with knowledge of the matter said.

The Shenzhen-based homebuilder has discussed about becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital Management and GLP's chief executive officer, according to one of the people. The exact number of investors and the stakes they will hold in the consortium have not been set yet, the person said, asking not to be identified because the information is private.