GLP slams reports on $10.6b Blackstone deal

No binding deal has been inked yet.

Mainboard-listed industrial property operator Global Logistic Properties today denied reports that it is buying IndCor, Blackstone Group’s portfolio of US industrial property, for a total consideration of $10.6b (US$8.1b).

In a release to the SGX, GLP denied a report published yesterday by the Wall Street Journal. A story on the publication claimed that IndCor will be bought by GLP and sovereign wealth fund GIC.

“As at the date of this announcement, the Company has not entered into any binding agreement with respect to any decision to pursue this initiative. If and when there are any material developments which warrant a disclosure, the Company will make any further announcements on the Singapore Exchange Securities Trading Limited as and when appropriate in accordance with the listing rules of the SGX-ST,” GLP stated.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

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