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GLP
Property
GLP loses last investment-grade rating from S&P as asset sales drag on
GLP stripped of investment grade rating by S&P on slow asset monetisation
November 04, 2023
Debt and defaults
Former investor darling GLP is now sliding into distress in Asia
GLP's dollar notes have lost most among Asia high-grade in 2023. GLP says liquidity is ample, has worked on governance concerns
May 22, 2023
IPO
GLP-backed IndoSpace weighing US$700 mil Singapore IPO
Founded in 2007, IndoSpace has invested more than US$3 billion in 44 industrial and logistics parks in India
April 01, 2022
Finance
GLP self-executes first $100 million note issue on DBS' FIX Marketplace
The $100 mil issued via FIX Marketplace is part of GLP's US$1 billion issue
January 24, 2022
Funds
GLP announces closing of JPY 412 billion logistics fund
GLP announces largest every closing of a Japanese private fund, and looking JPY 1 trillion in AUM of Japanese logistics assets
January 19, 2022
Private equity
Singapore’s GLP seeks US$2.5 bil for China logistics fund
GLP was taken private in 2017 after a seven-year listing on Singapore’s stock exchange.
September 22, 2021
Deals, joint ventures & alliances
AIA to partner GLP to invest in global logistics real estate industry
Shares in AIA closed HK$1.30 higher or 1.38% up at HK$95.25 on Aug 27.
August 27, 2021
Company in the news
Blackstone agrees to buy US$18.7 bil of US logistics assets from Singapore's GLP
SINGAPORE (June 3): Blackstone Group is making a huge bet on the future of e-commerce, agreeing to buy US$18.7 billion ($25.7 billion) of US logistics assets from Singapore’s GLP in what it says is the world’s biggest private-equity real estate deal.
June 03, 2019
Singapore's GLP plans US$3 billion IPO for its US warehouses
(Apr 26): Singapore-based GLP is planning an initial public offering (IPO) for its US operations that could raise about US$3 billion ($4.09 billion).
April 26, 2019
GLP delists from SGX
SINGAPORE (Jan 22): GLP, the provider of modern logistics facilities and technology-led solutions, today delisted from the Singapore Exchange (SGX) as it completes its privatisation process.
January 22, 2018