GLP closes $8.1 bln buy of IndCor Properties
Global Logistic Properties Limited said Friday it completed its buy of IndCor Properties for $8.1 billion. GLP said it holds a 55 percent stake initially and expects to reduce it to about 10% by August. The portfolio comprises 117 million square feet (11 million square meters) of high quality logistics properties with a diverse customer base. The platform is formerly known as IndCor Properties, a portfolio company wholly owned by Blackstone, and will be rebranded to and managed by GLP.
2 March 2015•2 mins read
