GLP Establishes US$1.5 billion GLP US Income Partners III
GLP has established GLP US Income Partners III with total equity commitments of US$620 million. Six leading global institutional investors from Asia, US and Middle East have committed for a stake of approximately 90%.
GLP Announces Strategic Sale of Greater Tokyo Asset
GLP continues its capital recycling strategy with the sale of GLP Narita to a private equity fund. The sale price of JPY8.2 billion (US$72 million) equates to a 4.9% cap rate and represents a 12% premium to book value.
GLP Signs 204,000 sqm (2.2 million sq ft) of Leases with 3PL Service Providers
GLP expands partnerships with DHL, Hitachi Transport System, Schenker and AGV Logística with 204,000 sqm (2.2 million sq ft) of leases signed globally.
GLP 2Q FY17 Earnings Up 53%; Continued Healthy Customer Demand
GLP reported a 52% increase in earnings (PATMI) for the three months ended 30 September 2016 (2Q FY17). Results were driven by the continued expansion of GLP’s fund management platform.