GLP (company)

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GLP (formerly Global Logistic Properties) is a global owner, developer and operator of logistics real estate, digital infrastructure and renewable energy. GLP also invests in and incubates new businesses that improve efficiency and drive growth across its platforms. The company's warehouses serve logistics service providers, manufacturers, retailers and e-commerce companies such as Amazon and JD.com. In 2010, GLP became a public company listed on the Singapore Exchange. It raised $2.7 billion in its initial public offering, making it Singapore's largest IPO since 1993. The company entered the US market in 2015 with the $8.1 billion acquisition of IndCor Properties Inc.’s warehouse portfolio and the purchase of 200 warehouses for $4.55 billion, making it the second-largest owner of industrial real estate in the U.S. GLP went private and delisted from the Singapore Exchange in 2018. Its June 2019 sale of a network of U.S. warehouses to The Blackstone Group for $18.7 billion was the largest private real estate transaction in history. As of March 2024, GLP manages more than 84 million square meters of real estate across China, Brazil, India, Japan, the U.S., Europe and Vietnam.