GLP acquires European developer for $3.8b

It will acquire a 32 million sqft. portfolio.

Global Logistic Properties (GLP) acquired European logistic developer Gazeley for $3.8b (US$2.8b).

According to a press release, GLP intends to inject Gazeley's portfolio into its fund management platform.

Gazeley has 19 years of managing and developing logistic real estate, supported by five offices in Europe.

Its 32 million sqft. acquisition portfolio is concentrated in the UK, Germany, France, and the Netherlands. The company has 17 million sqft. of assets with 98% occupancy and weighted lease expiry of 9 years.

The company's entry into Europe is not expected to affect its privatisation.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia