Property News · August 25, 2017

Vanke aims to be world’s largest warehouse operator after GLP takeover


China Vanke said it was targeting to become the world’s largest operator of warehouses after the Chinese property giant led a consortium to buy out Singapore-listed Global Logistics Properties last month.
“GLP is currently the world’s second-largest logistics property owner with a dominant market position in China. Our goal is to become the world’s No.1 [after the acquisition],”said Zhang Xu, Vanke’s chief operating officer.
The Vanke-led consortium that also…

Source : South China Morning Post
Read more…Vanke aims to be world’s largest warehouse operator after GLP takeover

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