GLP to delist from SGX after privatisation deal

Nesta eyes expanding GLP's platform to new markets.

The Global Logistics Properties is planning to delist from Singapore Exchange following a privatisation deal led by Nesta Investment Holdings.

According to a report by Shiwen Yap in DealStreet Asia, the privatisation and its delisting from the Singapore bourse – proposed on 14 July – will not impact the businesses and operations of the GLP Group.

"Nesta Investment Holdings – a vehicle jointly owned by SMG held by GLP CEO Ming Z. Mei, HOPU, Hillhouse Capital, Bank of China Group Investment and Vanke Group – intends to work with GLP to expand its platform in existing and new markets," the report said.

Additionally, the acquisition will see an exit for Singapore’s sovereign wealth fund GIC, which holds 36.84% stake in the group.

In a statement, Nesta said it will be able to strengthen GLP Group’s global leadership position by creating a logistics ecosystem that utilises the latest technology and data to provide solutions for GLP Group’s customers.

More so, the investment firm said it will actively build upon GLP Group’s fund management platform in existing and new markets and extending partnerships with leading global institutional investors. Such growth initiatives may include establishing a new China income fund, continuing to sell assets to the J-REIT and potentially expanding into Europe.

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