PrivateEquityRealEstate.net, 4 Mar 2009, Suzanne Weinstock
ProLogis Asian Operations, which was recently sold to GIC Real Estate for $1.3 billion, has re-branded itself Global Logistic Properties (GLP).
The company will retain its original Chinese brand "Pu Luo Si".
GIC Real Estate, the property arm of the Singapore sovereign wealth fund, the Government of Singapore Investment Corporation (GIC), said in a statement all management would remain in place, including chairman and chief executive officer Jeffrey Schwartz. In November, Schwartz resigned as chairman and chief executive of ProLogis before taking the helm of GLP.
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