Global Logistic Properties Leases Out 44,000 Square Metres In Greater Chicago
Global Logistic Properties (GLP) has leased 44,000 square metres to a leading global retailer in Greater Chicago, US.
The customer will use the facilities to enhance its distribution capabilities in Midwest US.
In a separate filing, GLP announced the establishment of the largest China-focused logistics infrastructure fund, CLF II.
Seven leading global institutions, including some of the world’s largest national pension and sovereign wealth funds, are investing alongside GLP to develop modern logistics facilities in China.
US$3.7 billion of equity has been committed by GLP and investors, with leverage allowing for an investment capacity of US$7 billion to develop 13 million square metres over four years.
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