SINGAPORE/HONG KONG (Jan 11): Warburg Pincus is forming a consortium to bid for Global Logistic Properties, the Singapore-based warehouse operator, according to people with knowledge of the matter.

Warburg Pincus has been speaking with banks and potential bidding partners about an offer for the industrial property owner, which has a market value of about US$8.2 billion ($11.8 billion), the people said.

GLP, which has assets in China, Japan, the US and Brazil, has asked for first-round offers by early February, people with knowledge of the matter said previously.

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