COMMERCIAL PROPERTY | Staff Reporter, Singapore

Global Logistic Properties seeks potential bidders for a possible buyout

A deal for GLP could rank as one of the biggest-ever buyouts in Asia Pacific.

Global Logistic Properties Ltd. has begun formally reaching out to potential bidders for the $7.8 billion industrial property owner, a report from Bloomberg said.

The Singapore-based company sent out an information letter to targeted bidders at the end of last month and has asked for first-round offers by early February, according to the people. GLP attracted interest from suitors after announcing a strategic review in December, one of the people said, asking not to be identified because the information is private.This deal would add to the $215 billion of property and property-related deals involving firms in the region in the last 12 months, according to data compiled by Bloomberg. The company has been involved in $1.3 billion of acquisitions in the past year, the data show.

Read more here

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.