Singapore Exchange lists Global Logistic Properties

GLP’s S$3.5bln IPO makes the company the 39th real estate company listed in SGX.

Singapore Exchange (“SGX”) is pleased to welcome Global Logistic Properties Limited, one of Asia’s largest and leading modern logistics facilities providers, to the Mainboard, under the ticker symbol “GLP”. Based on industry reports, Global Logistic Properties’ IPO of S$3.5 billion is the largest by a real estate company globally.

With a market capitalisation of S$8.8 billion, Global Logistic Properties brings the total number of real estate companies listed on SGX to 39, with a combined market capitalisation of nearly S$100 billion, according to an SGX report.

“We welcome Global Logistic Properties to the Singapore Exchange, and we are happy to support their growth in two of the largest economies in Asia. This is the largest IPO funds raised by a real estate company globally, and the largest real estate listings on SGX. Global Logistic Properties has received tremendous support from the international market. This listing also underscores SGX’s attractiveness as a listing destination,” said Mr Magnus Böcker, Chief Executive Officer of Singapore Exchange.

Global Logistic Properties is a market leader in modern logistics facilities in two of Asia’s largest economies, China and Japan. The Company owns, manages and leases out an extensive network of 296 completed properties within 122 integrated parks spread across 25 major cities in the two countries. The properties are strategically located within key logistics hubs, transportation hubs and industrial zones in the greater metropolitan areas, such as Shanghai, Tianjin, Guangzhou, Tokyo and Osaka.