Pursuits
CIC Group to Weigh Bid for $6 Billion Warehouse Owner GLP
- China sovereign fund weighs joint offer with Hopu, Hillhouse
- Singapore-based industrial property owner fell below IPO price
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Global Logistic Properties Ltd., the $6 billion owner of industrial property, has attracted takeover interest from an investor group that includes China’s sovereign fund, people with knowledge of the matter said.
China Investment Corp., Hopu Investment Management and Hillhouse Capital Management have held talks about making a joint offer for Singapore-based GLP, according to the people. The suitors have reached out to potential partners to weigh their interest in joining the consortium, one of the people said, asking not to be identified because the information is private.