Rumors Swirl on Possible Global Logistic Properties Buyout
Posted on 11/02/2016
Singapore-based Global Logistic Properties Ltd. has attracted the interest of a group of capital-rich Asian institutional investors. Global Logistic Properties oversees a massive, global US$ 39 billion portfolio of industrial and logistical properties. The investor group interested includes Beijing-based Hopu Investment Management, Hillhouse Capital Management, and the China Investment Corporation (CIC). Global Logistic Properties’ largest shareholder is Singapore’s GIC Private Limited, another major sovereign fund in terms of assets, holding a 37% stake in the company. Global Logistic Properties, on November 2, 2016, denied to the press that they have had talks with the investor group.
GLP – Portfolio Breakout by Net Asset Value
| Country/Sector | Portfolio Breakout by NAV |
|---|---|
| China | 55% |
| Japan (90% in Tokyo and Osaka) | 28% |
| United States | 8% |
| Brazil (90% in São Paulo and Rio de Janeiro) | 6% |
| Corporate | 3% |
Hopu Investment Management was part of an investor group that invested in Global Logistic Properties’ Chinese business in 2014. Furthermore, the CIC has an investment relationship with Global Logistic Properties on assets in Brazil and Japan.
Global Logistic Properties has been amassing a gargantuan portfolio of warehouses and other industrial assets. In 2014, the company partnered with GIC to acquire IndCor Properties Inc. from The Blackstone Group Inc. for US$ 8.1 billion. The company also recently bought a US$ 1.1 billion portfolio of U.S. industrial properties from Hillwood. These transactions enabled Global Logistic Properties more exposure to the U.S. market.
- Asia
- Blackstone Group
- Brazil
- China
- China Investment Corporation
- Global Logistic Properties
- Government of Singapore Investment Corporation
- Hillhouse Capital
- Hopu Investment Management
- Japan