<article><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span style="color: #000080;"><a href="http://dealstreetasia.com/tag/glp" target="_blank" rel="noopener"><strong><span style="color: #000080;">GLP</span></strong></a></span>, a global provider of modern logistics facilities, plans to delist from the <span style="color: #000080;"><a href="http://dealstreetasia.com/tag/sgx" target="_blank" rel="noopener"><strong><span style="color: #000080;">Singapore</span> <span style="color: #000080;">Exchange</span> <span style="color: #000080;">(SGX)</span></strong></a></span> following a privatisation deal led by Nesta Investment Holdings.</p></article>

<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span style="color: #000080;"><a href="http://dealstreetasia.com/tag/glp" target="_blank" rel="noopener"><strong><span style="color: #000080;">GLP</span></strong></a></span>, a global provider of modern logistics facilities, plans to delist from the <span style="color: #000080;"><a href="http://dealstreetasia.com/tag/sgx" target="_blank" rel="noopener"><strong><span style="color: #000080;">Singapore</span> <span style="color: #000080;">Exchange</span> <span style="color: #000080;">(SGX)</span></strong></a></span> following a privatisation deal led by Nesta Investment Holdings.</p>
<p>The privatisation and its delisting from the Singapore bourse &#8211; proposed on 14 July &#8211; will not impact the businesses and operations of the GLP Group.</p>
<p>Nesta Investment Holdings &#8211; a vehicle jointly owned by SMG held by GLP CEO Ming Z. Mei, HOPU, Hillhouse Capital, Bank of China Group Investment and Vanke Group &#8211; intends to work with GLP to expand its platform in existing and new markets.</p>
<p>The acquisition will also see an exit for Singapore&#8217;s sovereign wealth fund GIC, which holds 36.84 per cent stake in the company.</p>
<p>Ming Z. Mei, said, “It is business as usual for GLP. I continue to serve as CEO and our strong local teams remain focused on executing our strategy and further developing our global platform. With retail and consumption patterns changing, both opportunities and challenges are ahead for the modern logistics business.&#8221;</p>
<p>The first quarter FY18 saw GLP start $226 million and complete $252 million of development projects. The firm expects to meet its FY18 global development targets of $2.2 billion and $1.7 billion of development completions.</p>
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<p>Additionally, GLP has completed the syndication of its third US portfolio, in which it retains 8 per cent stake. Overall, GLP’s $39-billion fund management business represents a recurring source of income, with its fund management platform possessing $11 billion of uncalled capital. Growth opportunities include a potential new China income fund, continuing to sell assets to the J-REIT and potentially expanding into Europe.</p>
</div>
</div>
</div>
<div class="page" title="Page 3">
<div class="layoutArea">
<div class="column">
<p><strong>Also Read:</strong></p>
<p><strong><a href="https://www.dealstreetasia.com/stories/glp-sold-record-11-6-billion-hillhouse-hopu-group-77744/"><span style="color: #ff0000;">In Asia’s biggest buyout, China’s Hillhouse Capital, Hopu buy GLP for record $11.6b</span></a></strong></p>
<p><span style="color: #ff0000;"><strong><a href="https://www.dealstreetasia.com/stories/glp-china-consortium-final-negotiations-77597/"><span style="color: #ff0000;">Singapore’s GLP is said to pick China consortium in biggest</span> <span style="color: #ff0000;">Asia buyout</span></a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a href="https://www.dealstreetasia.com/stories/global-logistic-properties-glp-proposals-76486/"><span style="color: #ff0000;">Singapore: GLP receives bid proposals, buyout groups seen interested</span></a></strong></span></p>
</div>
</div>
</div>
<div class="page" title="Page 4"></div>


Global Logistics Properties is posting strong growth ahead of its privatisation and completion of its acquisition by Nesta Investment Holdings.

Singapore: Logistics major GLP to delist from SGX post privatisation deal

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Singapore: Logistics major GLP to delist from SGX post privatisation deal

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief