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Global Logistic Properties Undertakes Strategic Review

Chicago-based Global Logistic Properties (GLP) is conducting a strategic review of the giant industrial asset owners’ business options. The Singapore-listed investor, which manages $40 billion of properties, hired JPMorgan as its financial advisor for the review.

While the move is in the preliminary stages, it could lead to the sale of a $7-billion firm.

The review is being conducted at the request of its largest shareholder, Singapore’s sovereign wealth fund GIC. GLP had reportedly received unsolicited takeover interest from an investor consortium backed by China’s sovereign fund.

GLP has a presence in 32 key U.S. markets, and claims the No. 2 U.S. market position with 178 million square feet, behind Prologis, which has 360 million square feet.

GLP’s largest concentration of U.S. investment is in the West, encompassing 293 properties totaling 50.5 million square feet. The investments include three California markets: the Bay Area, Los Angeles, and San Diego.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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