GIC's GLP enters JV to develop Suzhou logistics park

Reuters, 24 Feb 2011
Feb 24 (Reuters) - Singapore's Global Logistic Properties (GLP) , which owns warehouses and other logistic assets, said on Thursday it has entered into a joint venture to develop a logistics park in Suzhou, China worth a total of $200 million.
The park will be jointly developed with Suzhou New District Bonded Logistic Center Development, who owns 10 percent of the joint venture, while GLP owns the remaining 90 percent. Full story