Global real-estate management firm GLP eyes US IPO

December 21, 2021 07:36 PM PST | By Sanjeeb Baruah
Follow us on Google News:


  • GLP Pte. Ltd. will probably manage about US$100 billion in assets after the launch. 
  • Companies like GLP have benefited from the shifting consumption trends.  
  • Demand for warehouses grew as e-commerce firms looked for more storage space. 

Global real-estate logistics specialist GLP Pte. Ltd. is eyeing for an initial public offering (IPO) in the US next year, Wall Street Journal reported citing people familiar with the matter. 

The company has hired underwriters and might file the IPO papers confidentially with the US Securities and Exchange Commission soon, the sources said. The fund-management company is likely to oversee about US$100 billion of assets after the launch, they said. 

Companies like GLP have benefited from the changing consumption trends. Demand for warehouses increased as e-commerce retailers looked for more storage space. According to the report, the world will add 1.48 billion sq. feet of logistics space by 2025. 

After the listing, the real estate investment management company will merge with a US-based company. Alan Yang would be the CEO of the new public company, while GLP co-founder and CEO Ming Mei would be the chairman.  
Also Read: Is Philly delivery startup Gopuff gearing up for IPO? 

GLP has around 67 real estate and private-equity funds, and over US$100 billion of assets under management.Source: Pixabay

New company to focus on green energy infrastructure 

Although GLP specializes in logistics and industrial warehouses, the new company would focus on data centers and renewable-energy infrastructure, the sources said. 

In 2019, Blackstone Group had purchased a vast network of industrial warehouses in the US from GLP for US$18.7 billion, considered the largest private real estate deal at the time. 

In a company report in August this year, GLP said that it had 67 real estate and private-equity funds and over US$100 billion of assets under management.  

GLP was delisted from the Singapore stock exchange in 2018.  


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies