Global Logistic Properties moves into European logistics with Gazeley acquisition

gazeley

By Alex Lennane

02/10/2017

It is a big deal. Asia’s warehouse operator, Global Logistic Properties (GLP) is buying Europe’s Gazeley for a hefty $2.8bn, adding to its already sizeable $42bn portfolio, centred in Asia and the Americas. Gazeley’s addition brings coverage in Europe too. The new portfolio is made up of 57% UK assets, 25% in Germany, 14% in France and 4% in the Netherlands. GLP is itself being acquired, for $11.8bn, by a Chinese private equity consortium backed by executives from GLP.

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Andrew Thomas
November 20, 2018 at 10:26 am
Global Logistics has a large scope. This could be another option to choose for some logistics company.

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