Warburg Pincus forming consortium to bid for GLP: sources

Hong Kong

WARBURG Pincus is forming a consortium to bid for Global Logistic Properties Ltd, the Singapore-based warehouse operator, according to people with knowledge of the matter.

Warburg Pincus has been speaking with banks and potential bidding partners about an offer for the industrial property owner, which has a market value of about US$8.2 billion, the people said.