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Property Logistics Specialist GLP Plans IPO for Investment Arm
GLP Pte. Ltd., the world-wide professional in logistics authentic estate, is gearing up for a U.S. first general public featuring of its investment decision arm subsequent 12 months, a particular person common with the matter claimed. GLP has employed underwriters for a probable listing of its fund-management business and could file IPO paperwork confidentially with the U.S. Securities and Trade Fee shortly, this individual stated, incorporating that the community enterprise is probably to handle about $100 billion of belongings when it launches. Providers this kind of as carefully held GLP are benefiting from shifting world-wide intake, as buyers store far more online, driving desire for the warehouses in which shops…