GLP to Establish €2 Billion Partnership with CPPIB and QuadReal - Seite 2

Jay Kwan, Head of Europe, QuadReal, said: "Research and experience inform our high conviction about developing logistics facilities in select, target markets that will create a resilient industrial portfolio.  We are delighted to be partnering with CPPIB and GLP as we invest in the logistics sector across Continental Europe."  

Gazeley is GLP's Europe platform. Customer demand in Europe continues to grow, with Gazeley signing more than 351,000 sqm (3.8 million sq ft) of new leases since the start of the year to customers including Amazon, Kingfisher, Wayfair and Zeus Packaging. Gazeley has begun construction on over 550,000 sqm (5.9 million sq ft) of new developments in the period as well as replenished its development landbank. With the establishment of GLP CDP I, GLP will have three funds in Europe totaling more than €6 billion (US$7 billion) AUM when fully invested.

GLP has approximately US$60 billion of assets under management globally and continues to see strong interest from institutional investors across its real estate and private equity strategies given GLP's operational excellence, innovative use of technology and strong risk management and capital allocation.

[1] The relevant investors' participation in GLP CDP I is subject to customary regulatory approvals

[2]  Unless otherwise stated, all exchange rates are reported as €1 = US$1.12, the exchange rate as of 16 November 2018

About GLP (www.glprop.com)
GLP is the leading global provider of modern logistics facilities and technology-led solutions, with approximately US$60 billion in assets under management across its real estate and private equity segments. The Company's real estate fund platform is one of the largest in the world, spanning 65 million square meters (700 million square feet). In December 2017, GLP entered the European market through its acquisition of Gazeley, a premier developer, investor and manager of logistics warehouses and distribution parks in Europe.