Friday, September 14, 2012

Global Logistic Properties shares hit record high

SINGAPORE: Shares of Global Logistic Properties (GLP) were up 8.13 per cent on Thursday closing at S$2.660 and hitting a record high since its listing in 2010.

In response to a query about trading activity in its shares on Thursday, the logistics facility provider said it is considering plans to set up a real estate investment firm in Japan to hold its assets there.

The firm is also looking into the acquisition of certain portfolios of properties in various jurisdictions and land for development into logistic properties.

GLP said the proposed investment initiatives are part of the firm's ongoing efforts to strengthen its strategic position and financial performance.

But no decision has been made on whether to pursue the initiatives or not.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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