Deals
Warehouse Owner GLP Seeks Bidders for Singapore Company
- Warehouse owner sends out information to targeted bidders
- Company attracts interest after announcing strategic review
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Global Logistic Properties Ltd. has begun formally reaching out to potential bidders for the $7.8 billion industrial property owner, people with knowledge of the matter said.
The Singapore-based company sent out an information letter to targeted bidders at the end of last month and has asked for first-round offers by early February, according to the people. GLP attracted interest from suitors after announcing a strategic review in December, one of the people said, asking not to be identified because the information is private.