China Ecommerce Boom Drives $2.5bn Deal For Stake in Logistics Group GLP
By Simon RabinovitchGlobal Logistic Properties, a large Asian warehouse operator, will raise $2.5bn by selling up to a third of its China business to statebacked investors, in a deal that highlights the explosive gro
GLP Third Quarter Earnings Up 56%, Investing To Meet Demand
GLP today reported a 56% rise in earnings (PATMI( for the three months ended 31 December 2013 ("3QFY14"). The company has seen significant operational momentum in recent months, with strong leasing in all markets.