Global Logistic Properties $4.55 billion acquisition of Industrial Income Trust logistics portfolio

Overview:

• Global Logistic Properties (GLP) has acquired Industrial Income Trust logistics portfolio for $4.55 billion.
• This transaction enlarged GLP’s US footprint by 50% to 173 million square feet, with GLP becoming the second largest logistics property operator in the US within a year of its entry into the market.
• GLP is also the largest provider of modern logistics facilities in China, Japan and Brazil. 

Katrin Kostadinova - Data analyst