GLP establishes two new European funds post Gazeley acquisition

GLP establishes two new European funds post Gazeley acquisition

Photo: GLP website

Singapore-listed Global Logistic Properties (GLP), which is Asia’s biggest warehouse operator, Thursday said it had established two new European funds, as part of its recent foray into that continent.

In October,  the warehouse operator, which is currently in the process of being bought out by a Chinese private equity consortium backed by senior executives from GLP, had announced its foray into Europe. GLP said that it had reached a deal to acquire European logistics platform Gazeley for about $2.8 billion.

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