In our latest roundup of regional news headlines, Hong Kong developer Kerry Properties posts a 22 percent profit decline for 2020, China’s HNA conglomerate begins a monumental restructuring process, and GLP J-REIT issues the first ultra-long sustainability bond in the… Read More>>
Caesars Dumps Korea Casino as R&F Seeks 3 Yr Delay and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, Caesars cashes in its entire stake in a planned Korean casino project, logistics giant GLP secures green financing from a syndicate of banks, and Hong Kong developers report subdued demand for apartments… Read More>>
GLP Upped Logistics Leasing by 57% in 2020 to Reach New Record
GLP on Thursday reported record-high leasing and development activity for its logistics business in 2020 as the e-commerce trend kicked into high gear during the COVID-19 crisis.
The world’s second-largest industrial real estate developer said its logistics business signed more… Read More>>
GLP Raises Additional €500M for European Core Logistics Fund
Warehouse giant GLP has exceeded expectations for its latest European investment vehicle with Asia’s largest logistics developer announcing on Friday that it had raised an additional €500 million ($604 million) for the core strategy.
The Singapore-based firm has now brought… Read More>>
GLP Kicks Off Construction on Four UK Projects and More Asia Real Estate Headlines
Following news today that it had raised an additional $608 million for its pan-European logistics fund, GLP followed up with an announcement that it is kicking off construction of one million square feet of warehouses in the UK.
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GLP Reaches $5.4B in Assets with Second Closing of Japan Income Fund
Singapore-based GLP on Thursday announced a second closing for its GLP Japan Income Fund (GLP JIF), bringing the logistics vehicle to JPY 560 billion ($5.4 billion) in assets under management.
In August, Asia’s biggest warehouse developer announced the launch of… Read More>>
FCT to Divest Singapore Shopping Centre for S$110M and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a Singaporean trust prepares to sell a shopping centre for S$110 million, GLP forms a China fund to buy Shanghai port assets, and McDonald’s breaks ground on an industrial park in… Read More>>
GLP Japanese REIT Raises $532M to Complete Purchase of 7 Logistics Assets
GLP’s Japan-focused REIT has completed a global offering of newly issued investment units, raising JPY 55.6 billion ($532 million) to acquire seven Japanese warehouse properties and furthering a busy season in the country’s logistics market.
The portfolio of assets purchased… Read More>>
GLP Launches Vietnam JV with Trio of Warehouse Projects
Asia’s largest warehouse builder has become the latest industrial player to bet on Vietnam as GLP today announced its acquisition of a trio of projects in the Southeast Asian nation.
In a statement together with SEA Logistic Partners, a Ho… Read More>>
Asia Real Estate People in the News 2020-10-05
Asia’s largest logistics developer leads this week’s collection of people news from around the region with GLP adding to its financial firepower by bringing aboard a JP Morgan veteran. Also adding some new team members is hospitality operator Onyx, which… Read More>>
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