Global Logistic Properties busy striking deals

Global Logistic Properties’ chairman Jeffrey Schwartz says the company is open to listing its China subsidiary further down the road but has no concrete plans now.

Jeffrey Schwartz, the co-founder and chairman of Singapore-listed Global Logistic Properties GLP, has had a busy start to the year patching deals together.

The global warehouse operator struck a deal in February with a consortium of Chinese investors -- comprising private equity fund Hopu, Bank of China and an undisclosed life insurer -- that will see them invest up to $2.5 billion, mainly in GLP's China subsidiary.

GLP, which counts Singapore's sovereign wealth fund GIC as its single largest shareholder, followed that up this month with an agreement to buy warehouses in Brazil for $1.4 billion.

Schwartz said he had...

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