Home Capital Broker's Calls

DBS, CIMB join chorus of approval for GLP’s US$1.1bil acquisition

Michelle Zhu
Michelle Zhu9/14/2016 05:15 PM GMT+08  • 2 min read
DBS, CIMB join chorus of approval for GLP’s US$1.1bil acquisition
SINGAPORE (Sept 14): DBS Group Research and CIMB are keeping their “buy” and “add” recommendations on Global Logistic Properties (GLP) at target prices of $2.47 and $2.73 respectively.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 14): DBS Group Research and CIMB are keeping their “buy” and “add” recommendations on Global Logistic Properties (GLP) at target prices of $2.47 and $2.73 respectively.

The modern logistics facilities provider – which owns US$38 billion ($52 billion) of industrial buildings globally – on Tuesday announced its intention to acquire its third US-based portfolio from real estate agency and property developer, Hillwood Development Company LLC, for a sum of US$1.1 billion.

Its assets are located in key markets of Dallas, Chicago and Atlanta, which according to Colliers, have one of the brightest outlook for absorption and rental growth in the US.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now