GLP sells new shares to fund Brazil acquisition

The Singapore-listed provider of logistics properties raised $339 million to cover its share of a $1.45 billion acquisition with partners GIC, CIC and the Canada Pension Plan Investment Board.

<div style="text-align: left;"> GLP: Set to become the biggest owner of logistics properties in Brazil </div>

Anette Jönsson

November 15, 2012

Singapore-listed Global Logistic Properties (GLP) has raised S$414.4 million ($339 million) from the sale of new shares that it will use to fund its share of an acquisition of logistic properties and developments in Brazil.

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