Founding and early history Incorporated in 2007 as Global Logistic Properties, it was subsequently listed on the Singapore Exchange in 2010 by co-founders Ming Mei and Jeffrey Howard Schwartz. Schwartz and Mei had both worked for American logistics real estate
investment trust company
Prologis; Schwartz was a chief executive and Mei launched the company's operations in China. When Schwartz stepped down from Prologis in November 2008, he and Mei partnered with Singapore's sovereign wealth fund
GIC to purchase Prologis’ assets in China and Japan for $1.3 billion. After its 2015 U.S. acquisitions of IndCor Properties from The Blackstone Group for $8.1 billion
Privatization In 2017 GLP put itself up for sale in a bid to go private. The auction for the company - initially valued at $10 billion - was subject to criticism after it only attracted two bidders -
Warburg Pincus and a consortium that included
Bank of China,
China Life Insurance Company,
Hopu Investment Management and GLP chief executive Mei.
History since 2018 Global Logistic Properties changed its name to the acronym GLP in 2018 because its mission expanded. GLP sold about 1,300 of its U.S. warehouses to The Blackstone Group in June 2019 for $18.7 billion. In March 2020, GLP and Golden Lincoln Holdings offers $930 million to take consumer goods supplier
Li & Fung private. During the
COVID-19 pandemic, the company opens 110 of its logistics parks in China for the storage and transfer of healthcare equipment. In November 2024, it was reported that GLP was considering a listing on the
Hong Kong Stock Exchange in 2025. ==References==