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Singapore, 6 March 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has entered into a conditional agreement to acquire a portfolio of 34 assets in Brazil from BR Properties S.
(“BR Properties”) for BRL 3.18 billion (US Browse our wide variety of categories or get specific with our list of search tags.
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BR Properties’ portfolio of high-quality, strategically-located logistics assets complements our existing portfolio well and will further strengthen our market leadership position in Brazil, where we feel very good about the long-term prospects.”Mauro Dias, President of GLP Brazil, said: “Brazil remains one of the world’s best markets for logistics. Schwartz, Co-Founder and Chairman of the Executive Committee of GLP, said: “Our strong balance sheet and prudent financial discipline have allowed us to react quickly on this strategic opportunity, which will be immediately accretive to GLP.Browse our wide variety of categories or get specific with our list of search tags.
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