Global Logistic Properties to Buy Hillwood’s U.S. Industrial Portfolio for $1.1 Billion

Continuing its buying spree amid industrial fundamentals that have arguably never been better, a deal announced by Global Logistic Properties, Ltd. (GLP) this week to purchase a 15-million-square-foot logistics portfolio from Hillwood Development Co. would solidify the Singapore-based company’s position as the second-largest owner of industrial property real estate in the U.S. Singapore-listed GLP, already the largest owner of logistics property…

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