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HomeINSIGHTSNews Releases

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GLP Completes Landmark Cross-Border Investment In CMSTD
GLP Completes Landmark Cross-Border Investment In CMSTD

GLP has completed its strategic investment of a 15.5% equity stake in China Materials Storage and Transportation Development Company (“CMSTD”).

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Three Industry Leaders Expand 69,000 sqm (743,000 sq ft) with GLP In China
Three Industry Leaders Expand 69,000 sqm (743,000 sq ft) with GLP In China

GLP has signed leases totaling 69,000 square meters (“sqm”) (743,000 square feet (“sq ft”)) with three industry leaders in China: JD.com, Best Logistics and STO Express. They will utilize the space to cater to increasing demand driven by growing domestic consumption.

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GLP Completes Acquisition of US$4.55 Billion US Logistics Portfolio With Partners
GLP Completes Acquisition of US$4.55 Billion US Logistics Portfolio With Partners

GLP has completed its acquisition of a US$4.55 billion portfolio and established GLP US Income Partners II with China Life and two additional leading global institutional investors.

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GLP To Develop Its Largest Development Project in Japan
GLP To Develop Its Largest Development Project in Japan

GLP will commence development of GLP Nagareyama, a large-scale logistics park in Greater Tokyo providing 319,000 sqm (3.4 million sq ft) of total gross floor area. Expected to be constructed in phases at a total investment cost of JPY59 billion (US$490 million), GLP Nagareyama will be GLP’s largest development project in the country.

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GLP 1HFY16 Earnings Up 42%; Continued Healthy Customer Demand
GLP 1HFY16 Earnings Up 42%; Continued Healthy Customer Demand

GLP reported a 42% increase in earnings (PATMI) for the six months ended 30 September 2015 (“1HFY16”). Results were underpinned by healthy leasing performance in all markets as well ascontinued expansion of GLP’s fund management platform.

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