China Daily, 6 Mar 2009, Zheng Lifei
Global Logistic Properties (GLP), the former Asian operation of the world's biggest warehouse owner and developer ProLogis, plans to invest $1 billion in China in the next two years, cashing in on the country's rapid urbanization and the government's support for the logistics sector.
GLP, now 50 percent owned by Government of Singapore Investment Corp (GIC), operates 60 logistics parks in 18 major Chinese cities.
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