Friday, February 25, 2011

Global Logistic Properties

Global Logistic Properties: Annouced that it will invest in a US$200m venture with Suzhou New District Bonded Logistic Center Development Co develop a logistics park in Suzhou in China's Jiangsu Province. GLP will own 90% of the venture….

Project will be a distribution hub and integrated logistics park for Co’s seeking to enhance their supply chain efficiency in the Suzhou region and greater Shanghai area. Announcement marks GLP’s 6th dev in Suzhou since 2004 and will further strengthen partnership with the local govt. Grp currently manages over 441,032 sqm of logistics facilities in Suzhou region and has been providing modern logistics facilities to Co’s from a wide range of industries....

As of Dec10, grp’s stabilized portfolio was 96% occupied.

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