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

It could be major investor in consortium backed by Hopu Investment Mgt, Hillhouse Capital Mgt and GLP's CEO

Vanke has been expanding its presence in warehouse properties since forming a logistics venture with Blackstone in 2015.

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...