Thursday, March 8, 2012

GLP eyes US$1b Tokyo spinoff of Japan properties

Business Times: Thu, Mar 08
(SINGAPORE) Global Logistic Properties (GLP) is preparing to list some of its Japanese warehouse properties in Tokyo in the next few months.

The initial public offer may raise as much as US$1 billion, Bloomberg reported, citing three people with knowledge of the matter.

A source confirmed that GLP was looking at an IPO and said that work on it had been going on 'for some time'...

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