GLP Weighs Strategic Options

A GLP logistics facility in Xi’An, China.

SINGAPORE—Industrial giant Global Logistics Properties Ltd. has retained J.P. Morgan as its financial advisor on a strategic review of its options. The review, following a request from GLP’s largest shareholder, GIC Real Estate Private Ltd., comes about a month after Bloomberg Business reported that China Investment Corp. was considering forming a partnership to acquire the industrial owner/developer.

“The company wishes to emphasize that no definitive transaction has been entered into by the company with any party,” including the CIC-led consortium that also included Hopu Investment Management and Hillhouse Capital Management, according to a statement from GLP. “There is no assurance that any transaction will materialize from the strategic review and the company will make an appropriate announcement in the event of any material developments.”