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【GLP MC0 交流专区】普洛斯 GLOBAL LOGISTIC PROP LIMITED

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发表于 6-11-2012 11:35 PM | 显示全部楼层
GLP leases out 452,000 sq ft of Ichikawa Shiohamato logistics facility to Rakuten
http://www.theedgesingapore.com/the-daily-edge/business/41008-global-logistic-properties-leases-out-452000-sq-ft-to-e-commerce-company-rakuten.html

Tue, 6 Nov 17:56
Global Logistic Properties, the provider of modern logistics facilities in China and Japan, announces that it has leased 451,920 sq ft at its Ichikawa Shiohama development in Greater Tokyo to Rakuten, one of Japan’s leading e-commerce companies.

The Ichikawa Shiohama project, a 50:50 joint venture between Global Logistic Properties Japan and Mitsui Fudosan Co., is a five-storey, large-scale multi-tenant logistics facility, with a net lettable area of 1,098,000 sq ft. With this new lease agreement, Ichikawa Shiohama is 40% pre-leased ahead of schedule.

Rakuten intends to use the facility to strengthen its distribution network in the region. The Ichikawa Shiohama facility marks the first lease agreement between GLP and Rakuten.

Ming Z. Mei, Chief Executive Officer of GLP, said: “We are delighted to begin a new customer relationship with Rakuten, a leading, well-respected e-commerce brand in Japan. We have already successfully pre-leased 40% of Ichikawa Shiohama development before construction has begun, underlining not just the strong demand for modern logistics space in key locations across Japan but also our facility’s attractiveness as a distribution hub in the region.”

Ichikawa is located in northwest Chiba, Japan, 15 km from the city centre of Tokyo. The project is strategically situated close to the Chidoricho Interchange Exit of the Metropolitan Expressway Wangan Line, providing convenient access to Haneda and Narita International Airports, and within walking distance to Ichikawa Shiohama station of JR Keiyo line, providing convenient access for employees. The planned expansion of the Tokyo Gaikan Expressway by 2015 is expected to further increase connectivity.
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发表于 14-11-2012 06:22 PM | 显示全部楼层
Global Logistic Properties gets approval from Tokyo bourse for J-REIT IPO
http://www.theedgesingapore.com/the-daily-edge/business/41134-global-logistic-properties-gets-approval-from-tokyo-bourse-for-j-reit-ipo.html

Wed, 14 Nov 16:58
Global Logistic Properties says it has obtained listing approval for J-REIT from the Tokyo Stock Exchange.

J-REIT will be listed on the Tokyo Stock Exchange and units of the J-REIT will be offered through an initial public offering to be undertaken in Japan, says GLP in a press statement.

However, GLP says "no public offering of units of the J-REIT will be made in Singapore".

The group says it will retain a unitholding interest of 15% in the J-REIT upon the completion of the initial public offering and has also agreed not to dispose its unitholding interest for a period of 360 calendar days after the delivery of the units to the group.


普洛斯报增长稳固,它将进军巴西,且获准将其日本REIT挂牌上市
http://www.sharesinv.com/zh/articles/35587/

2012年11月15日
普洛斯(Global Logistic Properties)报其1H13收入上升28%至3亿4,300万美元,因为中国业务的营运表现强劲(收入跳升72%)及日本产业的表现持续稳定。盈利也增加17%至3亿4,700万美元。本季盈利则下滑3%至1亿9,500万美元,尽管收入提高25%至1亿7,300万美元。然而,公司将把所管理的资产从26亿美元增近3倍至72亿美元,预计可令它受惠。公司宣布将进军巴西市场,从而扩大其全球版图。它将通过与加拿大退休金计划投资委员会、中国投资公司和新加坡政府投资公司组两项合资(投资总额为14亿5,000万美元),以在当地物流设施领域建立最大份额。它也获准将其成立的房地产投资公司于东京交易所挂牌上市。

启示:公司指出,进军巴西将会进一步创造价值,而推出日本房地产投资信托(J-REIT)对它而言是一项重大里程碑,这将会带来经常收入及流动资金,以进一步拓展其在中国、日本和其他国家的业务。 本帖最后由 icy97 于 15-11-2012 04:53 PM 编辑

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发表于 14-11-2012 10:44 PM | 显示全部楼层
Global Logistic Properties in JV to acquire 2 logistics facilities in Brazil for $1.8b
http://www.theedgesingapore.com/the-daily-edge/business/41135-global-logistic-properties-in-jv-to-acquire-2-logistics-facilities-in-brazil-for-18b.html

Wed, 14 Nov 18:07
Global Logistic Properties, the provider of modern logistics facilities in Japan anfd China, says it has signed an agreement to expand its global network to Brazil.

GLP will form two joint ventures with Canada Pension Plan Investment Board (CPPIB), China Investment Corporation (CIC) and Government of Singapore Investment Corporation (GIC) to acquire two portfolios of logistics facilities from Prosperitas for a total initial consideration of BRL2.9 billion ($1.77 billion). GLP’s initial equity requirement is BRL668 million ($408 million).

In the first joint venture known as stabilised JV, GLP will partner with CPPIB, CIC and GIC to acquire a portfolio of 34 stabilised assets and one development project. GLP and CIC will each own 34.2% of the JV, with GIC holding 20.0% and CPPIB 11.6%.

In the second joint venture known as development JV, GLP will partner with CPPIB and GIC to acquire a portfolio of five development projects. GLP will own 41.3% of the Development JV, with CPPIB owning 39.6% and GIC 19.1%.

88% of the two joint ventures’ combined assets are located in the primary logistics markets of São Paulo and Rio de Janeiro, which together generate greater than 40% of Brazil’s GDP.

GLP will act as the asset manager of the acquired properties.


Global Logistic Properties posts 3.1% fall in Q2 net profit to $238m
http://www.theedgesingapore.com/the-daily-edge/business/41142-global-logistic-properties-posts-31-fall-in-q2-net-profit-to-238m.html

Wed, 14 Nov 23:55
Global Logistic Properties says net profit for the three months ended Sept 30, 2012 dipped 3.1% to US$195 million (S$238 million) from US$201 million a year ago as higher costs offset strong revenue.

Revenue for the quarter rose to US$173 million from US$139 million a year earlier, due mainly to higher rents, the completion of projects in China, and a sustained performance from its properties in Japan.

But the additional leasable area led to increases in property-related expenses. With an expanded portfolio and new developments, the company also incurred higher staffing and professional costs.
本帖最后由 icy97 于 15-11-2012 01:25 AM 编辑

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发表于 15-11-2012 04:20 PM | 显示全部楼层
Singapore's Global Logistic to raise $338 mln via share placement
http://www.reuters.com/article/2012/11/14/glp-brazil-placement-idUSL3E8ME50820121114

SINGAPORE | Wed Nov 14, 2012 6:50pm EST
Nov 15 (Reuters) - Singapore's Global Logistic Properties Ltd, one of the world's largest warehouse operators, said it will raise about S$414.4 million ($339 million) through a private placement of shares to partly fund its acquisition of Brazilian assets.

GLP said on Thursday it would issue 160 million new shares at S$2.59. Shares of GLP last traded at S$2.72 on Monday.

GLP said on Wednesday it would form joint ventures with the Canada Pension Plan Investment Board (CPPIB), China Investment Corp and Government of Singapore Investment Corp to help fund its acquisition of Brazil logistic assets worth $1.4 billion.

Shares of GLP have surged 55 percent this year, compared to the Straits Times Index's 14 percent gain. ($1 = 1.2227 Singapore dollars) (Reporting by Charmian Kok; Editing by John Mair)


GLP's shares fully valued; Brazil deal neutral: Religare
http://www.theedgesingapore.com/the-daily-edge/business/41150-glps-shares-fully-valued-brazil-deal-neutral-religare.html

Thu, 15 Nov 11:08
Religare is neutral on GLP’s plan to team up with Singapore and China sovereign wealth funds and Canada Pension Plan Investment Board to buy Brazil properties worth US$1.45 billion ($1.77 billion); GLP is funding its portion with a share placement.

“Brazil investments are minimally accretive (+2.3% to RNAV), but placement of shares could signal share being fully-valued, given US$1.4 billion cash on balance sheet and low 24% net debt/assets. Moreover, investors’ unfamiliarity with Brazil could be an overhang.”

The house notes the stock is up around 55% year-to-date. It raises its target to $2.61 from $2.46 after rolling forward to par with end-2013 RNAV and incorporating recent divestments and investments. The house says 1H13 core net profit of US$181 million, up 27% on-year, was in line with expectations. It keeps a Hold call. The stock is down 3.3% at $2.63.


Global Logistic Properties' Brazil deal, J-REIT offer positives: CIMB
http://www.theedgesingapore.com/the-daily-edge/business/41160-global-logistic-properties-brazil-deal-j-reit-offer-positives-cimb.htmlS

Thu, 15 Nov 13:42   
Global Logistic Properties  is a step closer to going global with its plan to enter Brazil through two JV funds, CIMB says; “taken with its planned J-REIT, assets under management looks set to balloon − a strong positive − though the deal comes with higher risk premiums and equity fund raising.”

It says the deal’s attractions are the AUM platform scaling up further and net property income upside with GLP projecting leveraged IRRs of 18%-19%. “However, investors may find it hard to swallow the high risk premiums associated with this deal and possible distraction from its China plans. GLP also intends to fund its initial equity contribution through share placements, which could further pressurise its share price.”

It notes 1H13 core EPS forms 52% of its FY13 estimate; it raises its FY13-15 core EPS forecasts by 8%-12% for the Brazilian deal, but notes NPI could plunge once its J-REIT is established. It estimates the J-REIT listing could add 12-14 cents/share to RNAV. It raises its RNAV-based target to $2.69 from $2.55, but keeps a Neutral call on limited upside from the Brazilian and J-REIT initiatives. The stock is down 4.4% at $2.60.
本帖最后由 icy97 于 15-11-2012 04:48 PM 编辑

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发表于 14-12-2012 11:00 AM | 显示全部楼层
Global Logistic Properties leases out 474,000 sqft of logistics space in eastern China
http://www.theedgesingapore.com/the-daily-edge/business/41944-global-logistic-properties-leases-out-474000-sqft-of-logistics-space-in-eastern-china.html

Thu, 13 Dec 17:49  
Global Logistic Properties, the provider of modern logistics facilities in China, Japan and Brazil, announced it has recently signed new leasing agreements totalling 474,000 sq ft in eastern China. These included:

  • 210,000 sq ft were leased at GLP Park Jiaonan in Qingdao, Shandong Province, to Haier Group, the home appliances solutions provider.
  • 118,000 sq ft at GLP Park HEDA in Hangzhou, Zhejiang Province, were leased to Dingtong Logistics Co., a subsidiary of Itochu Corp, a global trading company.
  • 38,000 sq ft at GLP Park Qingdao Airport (East) in Qingdao, Shandong Province , were leased to Master Kong Food Co., a market leader for instant noodles, tea and bottled water.
  • 102,000 sq ft were leased at GLP Park Laogang in Shanghai to Senlan Environmental Protection (Shanghai) Co., a local waste management company, for the expansion of its electronic waste sorting and recycling facility in the region.
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发表于 22-12-2012 02:24 AM | 显示全部楼层
普洛斯的J房地产投资信托在东京证券交易所上市
http://www.sharesinv.com/zh/articles/36378/

2012年12月21日
普洛斯(Global Logistic Properties)宣布,其房地产投资企业GLP J-REIT成功在日本首次公开售股(IPO),并在日本证券交易所(Tokyo Stock Exchange)挂牌上市。GLP J-REIT的IPO获得热烈反应。普洛斯以26亿美元把其在日本的30个产业转让予GPL J-REIT,令后者成为全日本最大的物流产业投资信托。IPO筹得约10亿美元,普洛斯计划把这笔资金用于在中国、日本及其他国家作投资用途。值得留意的是,普洛斯在11月扩大其巴西业务后,其管理的资产增加了2倍至72亿美元。

启示:转让日本产业让普洛斯能再循环资本,从而为股东提升和创造价值,同时增大其基金管理平台和进一步巩固其稳如泰山的资产负债表,以及取得稳定的收费收入。
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发表于 19-1-2013 01:24 AM | 显示全部楼层
Daiwa upgrades GLP to Outperform vs Hold
http://www.theedgesingapore.com/the-daily-edge/business/42350-daiwa-upgrades-glp-to-outperform-vs-hold.html

Fri, 18 Jan 17:19  
Daiwa upgrades Global Logistic Properties (MC0.SG) to Outperform from Hold and raises its target price to $3.09 from $2.70, after using a new model to value the warehouse developer.

Believing that the across-the-board NAV approach undervalues GLP’s development business, the house now values GLP’s stable capital--backed by matured assets--at parity to book value while valuing its high-growth development portions at a higher P/B ratio of 2.51 times, which better “reflects the expected returns and hurdle rates.”

Daiwa says it upgraded ratings because “we believe [GLP] is only at the early stage of realizing the potential of its development model, and think its unwavering focus on developments paves the way for strong EPS growth from FY15.”

The stock is up 0.7% at $2.74.

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发表于 22-1-2013 01:43 AM | 显示全部楼层
GLP to install rooftop solar panels in 22 buildings in Japan
http://www.theedgesingapore.com/the-daily-edge/business/42386-glp-to-install-rooftop-solar-panels-in-22-buildings-in-japan.html

Mon, 21 Jan 17:25   
Global Logistic Properties, the provider of modern logistics facilities in China, Japan and Brazil, today announced that it will install solar panels on the rooftops of 22 properties in Japan.

GLP has qualified for the new feed-in-tariff scheme recently introduced by Japan’s Ministry of Economy, Trade and Industry, under which property owners who meet certain criteria are able to install solar panels on their properties and sell the electricity generated to utility companies. Under the program, GLP will receive JPY40 (about $0.55) per kWh over a 20-year period.

GLP will install solar panels on 305,000 sqm (3.3 million sq ft) of rooftop space over 22 buildings for an estimated total investment of $102 million. GLP expects to generate a levered IRR of about 17% on the investment.

GLP will install solar panels produced by Yingli Green Energy Holding Company. The solar panels are estimated to generate a total of 29.6 megawatts (MW) per hour or 29,000 MW per annum, enough to power 5,300 households each year. The installation is scheduled to commence April 2013, with the panels expected to be fully operational March 2014.
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发表于 29-1-2013 04:01 PM | 显示全部楼层
普洛斯租出三个日本设施的2万9,000平方米面积
http://www.sharesinv.com/zh/articles/37057/

2013年01月29日
普洛斯(Global Logistic Properties)同第三方物流服务商签署了面积合共约为2万9,000平方米(31万2,000平方英尺)的新租约。所租出的资产包括位于日本大阪中央商业区以东的GLP Kadoma设施(1万2,200平方米)、位于东京的GLP Kawasaki设施(9,300平方米)和位于大阪市中心15公里外的GLP Osaka II设施(7,200平方米)。包括这些租约在内,这三个设施的租用比率为99%以上。公司早前宣布,它将投资约8,200万美元来在日本的22个产业的屋顶安装太阳能板。在日本的新制度下,合格的产业业主可安装太阳能板,并把所产生的能源售卖给公用事业业者。公司预期这项投资的内部回报率约为17%。

启示:公司料将继续乘着第三方物流服务商需求日增的快车,同时以其稳健的现代化物流设施、高素质服务及为客户提供顶尖方案的能力为优势。
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发表于 5-2-2013 04:47 PM | 显示全部楼层
普洛斯及加拿大养老基金扩大在日本的投资至22亿美元
http://www.sharesinv.com/zh/articles/37197/

2013年02月05日
普洛斯(Global Logistic Properties)宣布,其与加拿大养老金计划投资委员会(CPPIB)所合组的50-50日本发展企业(Japan Development Venture)将在日本开发现代化物流产业。据媒体报道,CPPIB及普洛斯同意扩大在联营的投资,各增加290亿日元(3亿1,600万美元)的资金。普洛斯的联合创办人马景瀚(Jeffrey Schwartz)表示:“我们所投放的资金比预期的计划早了许多,而我们的发展也预期会拥有强大的需求,反映了日本现代物流设施的基本条件具有很大的吸引力。”

启示:普洛斯在合资的新投资额是原本的一倍有多,总投资额达1,000亿日元(11亿美元)。在杠杆作用下,合资的投资目标是22亿美元,而在签订新协议后,投资期再增长3年。
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发表于 7-2-2013 07:56 PM | 显示全部楼层
GLP's monetisation of Japan assets timely: CIMB
http://www.theedgesingapore.com/the-daily-edge/business/42671-glps-monetisation-of-japan-assets-timely-cimb.html

Thu, 7 Feb 16:52
Global Logistic Properties' (MC0.SG) 3Q13 results were in line with expectations, CIMB says, noting 9M13 core EPS was 75% of its FY13 forecast.

"GLP's 3Q13 saw a substantial ramp up in development starts and land acquisitions in China, a sign that excess capital will progressively be deployed into growth. Its recent monetization of a third of its Japan assets appears timely, mitigating the negative impact of a yen decline."

It notes the JREIT proceeds are hedged at USD/JPY of 88.5, more favorable than current rates.

"While GLP is in no rush to monetize assets in China, we believe a recycling platform via private funds could eventually be established and provide a driver for further growth."

It keeps an Outperform call and raises its target to $3.06 from $2.93 on accretion from its enlarged China portfolio. The stock is down 1.8% at $2.71
.

GLP down 1.8%; JPY concerns may weigh: Morgan Stanley
http://www.theedgesingapore.com/the-daily-edge/business/42667-glp-down-18-jpy-concerns-may-weigh-morgan-stanley.html

Thu, 7 Feb 15:37  
Global Logistic Properties (MC0.SG) is down 1.8% at $2.71 despite reporting fiscal 3Q13 net profit rose 30.7% on-year to US$112.8 million.

"Nothing in the underlying earnings was negative," says Sean Gardiner, an analyst at Morgan Stanley, noting the conference call was positive. While underlying earnings were in line with expectations, the headline was affected by FX losses, he notes.

"For what they can control, it sounds like life is good. But they can't control the yen," he says. "The stock will remain sensitive to the yen. That will be something to watch out for in the medium-term."

Orderbook quotes suggest the $2.70 intraday low may offer support.

本帖最后由 icy97 于 7-2-2013 08:05 PM 编辑

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发表于 26-2-2013 10:30 AM | 显示全部楼层
GIC seeking as much as $1.6b for Global Logistic stake
http://www.theedgesingapore.com/the-daily-edge/business/42880-gic-seeking-as-much-as-16b-for-global-logistic-stake.html

Mon, 25 Feb 19:36  
Government of Singapore Investment Corp. is seeking to raise as much as $1.6 billion selling part of its stake in Global Logistic Properties, according to a term sheet sent to investors.

GIC, Singapore’s sovereign wealth fund that’s Global Logistic’s biggest shareholder, is offering 595.7 million shares at $2.60 to $2.66 apiece, according to the term sheet obtained by Bloomberg News. That’s as much as a 5.5% discount from Global Logistic’s closing price of $2.75 today.

The stake on offer is about 13% of the total shares outstanding of Singapore-based Global Logistic, according to data compiled by Bloomberg News. JPMorgan Chase & Co, is the only bookrunner on the sale, according to the document. Global Logistic is the biggest owner of Japan industrial properties.

“It looks like a measure of portfolio management by GIC and that they are creating more liquidity,” said Donald Chua, a Singapore-based analyst at CIMB Research Pte. “I don’t believe that there is fundamentally anything wrong with the company.”

Jennifer Lewis, a spokeswoman at GIC, declined to comment on the report. The fund manages more than US$100 billion ($123.8 billion) of the city’s reserves.
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发表于 26-2-2013 10:33 AM | 显示全部楼层
GLP J-REIT says warehouse demand remains strong in Japan
http://www.theedgesingapore.com/the-daily-edge/business/42878-glp-j-reit-says-warehouse-demand-remains-strong-in-japan.html

Mon, 25 Feb 15:28
GLP J-REIT, which has risen more than 20% since its initial public offering in December in Tokyo, expects demand for warehouses in Japan to remain strong with a shortage of modern distribution centers.

About 1.3 million square meters (14 million square feet) will be added this year, the highest since 2008, when there was more than 1.5 million square meters of supply, according to data compiled by GLP. The REIT said it’s in a “favorable position” amid rising competition because it can buy properties from its sponsor Global Logistic Properties Ltd., the biggest owner of Japan industrial real estate.

“The market is very healthy,” Masato Miki, chief executive officer at GLP Japan Advisors Inc., the REIT manager, said in a Feb. 21 interview in Tokyo. “There is no need to be concerned about oversupply. Having the biggest developer as sponsor, and as the largest industrial REIT, we can strengthen our position by exchanging information and managing relationship with our clients.”

The growth of the logistic market, helped by a boost in e- commerce transactions, has attracted Japan’s largest developers including Mitsui Fudosan Co. and Mitsubishi Estate Co. to enter the warehouse industry. Investments in industrial space returned 6% on average for the year ended October, more than double the returns investing in office buildings, according to London-based Investment Property Databank.

MODERN FACILITIES
Modern distribution facilities, which has bigger floor space that allows trucks to reach every floor via ramps, reducing time needed to load and unload goods, only accounts for 2% of the total warehouse space in Japan, according to data compiled by LaSalle Investment Management.

GLP J-REIT has the first right to buy 35 properties, or an equivalent of 350 billion yen ($4.7 billion), before Global Logistic is able to offer to other investors, Miki said. The REIT has a 99.9% occupancy rate for the 33 logistic facilities it currently manages, according to the company.

The vacancy rate in warehouses in Tokyo has declined to 3.7% in the fourth quarter of 2012 from a peak of 20% in September 2009, according to CBRE Group Inc. The asking rents for logistic properties rose to 6,140 yen per tsubo in the second half of last year, the highest since at least 2005, CBRE said. One tsubo, a standard measure of property in Japan, is 3.3 square meters, or 35.5 square feet.

Total revenue of online sales exceeded those at department stores for the first time in 2010, and rose to 8.46 trillion yen in 2011, according to the latest data by Japan’s Ministry of Economy, Trade and Industry.

GLP J-REIT rose 1.1% to 80,900 yen, the highest since Feb. 1 at the close of trading in Tokyo. The REIT has advanced 27% since its IPO on Dec. 21, compared with a 16% gain by the Tokyo Stock Exchange REIT index, which tracks 37 trusts in Japan, in the same period.

GLP J-REIT is the first Japanese real estate investment trust to divert some of the deprecation to its dividend.
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发表于 26-2-2013 03:30 PM | 显示全部楼层
新加坡政府投资公司脱售在普洛斯的四分之一股权
http://www.sharesinv.com/zh/articles/37583/

2013年02月26日
路透社(Reuters)报道,新加坡政府投资公司(GIC)以12亿5,000万美元把其在普洛斯(Global Logistic Properties)的四分之一股权。普洛斯是一家优良货仓发展商。GIC表示,此举是其重新平衡组合的一部份,但它将保留其在普洛斯的长期大股东身份。GIC是以每股2.60元脱售其在普洛斯的股权,是处于2.60-2.66元参考价范围的低端,也比普洛斯于2月25日的2.75元闭市价低了5.5%。摩根大通(JP Morgan)是这宗交易的帐目管理人。在完成交易后,GIC在普洛斯的股权将从49%减少至约36%。

启示:GIC大幅度脱售在普洛斯的股权导致普洛斯的股价不稳定,但既然GIC并不是全面脱售股权,并仍是普洛斯的大股东,普洛斯股价所受影响相信只是暂时的。截至今天中午12时,普洛斯的股价已跌了0.19元(或约6.9%)至2.56元。
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发表于 27-2-2013 02:56 AM | 显示全部楼层
Global Logistic shares drop on GIC stake sale: Updated
http://www.theedgesingapore.com/the-daily-edge/business/42917-global-logistic-shares-drop-on-gic-stake-sale-updated.html

Tue, 26 Feb 17:58
Global Logistic Properties fell the most in almost 17 months in Singapore trading after Government of Singapore Investment Corp. said it is selling a stake in the biggest owner of industrial properties in Japan.

Shares of the company, also known as GLP, declined 6.6% to $2.57 at the close in Singapore. The stock had its biggest drop since Oct. 4, 2011. GLP was the worst performer in the Straits Times Index’s property measure, which tracks 39 developers, and slid 1.2%.

GIC, Singapore’s sovereign wealth fund and GLP’s biggest shareholder with a 49% stake before the stake sale, raised $1.5 billion by selling 595.7 million shares at $2.60 apiece, according to details in a term sheet obtained by Bloomberg News. That’s at the lower end of a $2.60- to-$2.66 range and a 5.5% discount to GLP’s closing price of $2.75 yesterday, according to another term sheet.

“It looks like a measure of portfolio management by GIC and that they are creating more liquidity,” Donald Chua, a Singapore-based analyst at CIMB Research Pte, said yesterday after the term sheet was sent to investors. “I don’t believe that there is fundamentally anything wrong with the company.”

The stake is about 13% of the total shares outstanding of Singapore-based GLP, according to data compiled by Bloomberg. JPMorgan Chase & Co. is the only bookrunner on the sale, according to the term sheet. GLP said it’s also the biggest owner of industrial properties in China and Brazil.

The share sale is part of GIC’s rebalancing of its holdings, the state fund, which manages more than US$100 billion ($124 billion) of the nation’s reserves, said in an e-mailed statement today, adding that it remains a “substantial” long-term shareholder in the real estate company.

“GIC has been the major shareholder in GLP since its establishment,” the fund said. “We are pleased with the company’s execution of its strategies and are confident of its long-term prospects.”

The block trade went through at 9:12 a.m. in Singapore, according to data compiled by Bloomberg.
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发表于 8-3-2013 02:21 AM | 显示全部楼层
普洛斯租出常州物业的1万5,000平方米楼面
http://www.sharesinv.com/zh/articles/37671/

2013年03月07日
普洛斯(Global Logistic Properties)宣布,它与中国东部常州的一个第三方物流服务商签署了新租约,以出租面积约为1万5,000万平方米(16万2,000平方英尺)的楼面。公司在常州国家高新区的普洛斯物流园是公司在常州的首个发展,后者是面积为3万3,000平方米(35万1,000平方英尺)的现代化物流园,并包含卓越的多用途货仓。物流园位于常州国家高新区的优良地点。该高新区是中国唯一备有水、陆(公路和铁路)、空交通服务的发展区,也是扬子江盆地内一个理想的区域配发中心及生产相关物流枢纽,因为许多国际生产商均在其附近设有业务。

启示:公司在常州国家高新区内的这个物流园刚刚在3个月前完工,若包括上述的新租约在内,物流园的租用率已达到了97%。公司认为,中国东部的物流市场正快速地增长,并认为其物流园已做好准备,为制造业及分销领域提供服务。
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发表于 9-4-2013 02:09 AM | 显示全部楼层
GLP J-REIT likely to outperform GLP: Nomura
http://www.theedgesingapore.com/the-daily-edge/business/43358-glp-j-reit-likely-to-outperform-glp-nomura.html

Mon, 8 Apr 12:03
Investors may be better off investing directly in Japan-based logistic landlords, such as GLP J-REIT (3281.TO), than in GLP (MC0.SG) directly, Nomura says, noting the J-REIT may outperform GLP itself.

"A higher valuation of GLP J-REIT would increase the potential for GLP to recycle more capital. However, taking all things into account, our numbers suggest the accretion to GLP's valuation is likely to be minimal (less than US$0.10/share ($0.12/share))."

Nomura trims its target to $2.70 from $2.80, noting every 5% change in its USD/JPY assumptions equates to a 2% earnings forecast change. It keeps a Neutral call. "Notwithstanding the current buoyant sentiment towards Japan assets, we believe it is too early to conclude on the impact for GLP and continue to expect a range-bound stock performance in the near term."
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发表于 10-4-2013 01:24 AM | 显示全部楼层
佰事达物流预租普洛斯的中国楼面
http://www.sharesinv.com/zh/articles/38236/

2013年04月09日
现代化物流设施公司普洛斯(Global Logistic Properties)在昨天向新交所提交的通告中表示,其位于苏州及武汉的合共约4万3,000平方米楼面已预租给佰事达物流(Best Logistics)。后者是中国主要第三方物流业者之一,并专注于“商家至消费者”形式的分销和送货服务。在签署租约后,佰事达向公司租用的面积合共为分布于4个地点的约5万1,000平方米。佰事达的总裁兼首席执行官Johnny Chou表示:”我们同普洛斯自2009年开始合作,一直以来都合作愉快。我们希望能扩大向他们租用的楼面面积,以加强双方之间的合作。

启示:随着中国的电子商务业快速增长,尤其是“商家至消费者”领域,普洛斯位于优越地点的高规格物流空间将迎来更多需求。投资者对上述消息表示欢迎,因此公司股价今早高开0.04元(1.5%)。
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发表于 8-5-2013 02:04 AM | 显示全部楼层
GLP leases out 517,000sf of space at GLP Misato III in Tokyo
http://www.theedgesingapore.com/the-daily-edge/business/43770-glp-leases-out-517000sf-of-space-at-glp-misato-iii-in-tokyo.html

Tue, 7 May 17:50   
Global Logistic Properties (GLP), the provider of modern logistics facilities, with a market leading presence in China, Japan and Brazil, today announced that it has leased 517,000 sqft to a number of third party logistics (3PL) providers at GLP Misato III, a multi-tenant development in Greater Tokyo.

These new lease agreements, all catering to domestic consumption, bring the lease ratio at GLP Misato III to 65%, ahead of the projected lease-up schedule and prior to building completion later this month. Four out of the five 3PL providers were new customer relationships for GLP. Tenants were attracted by GLP Misato III’s strong environmental and business continuity features.

The following details the activities within our customer lease agreements:

  • 161,000 sqft for a major air conditioner manufacturer in Japan
  • 112,000 sqft for a leading photography and imaging company headquartered in Japan
  • 82,000 sqft for a print advertising company
  • 80,000 sqft for a leading food and beverage manufacturer in Japan
  • 80,000 sqft for a leading global outdoor apparel and footwear company

Yoshiyuki Chosa, President of GLP Japan, said: “GLP Misato III reflects GLP’s commitment to sustainable building and is a testament to the teamwork involved to execute a large-scale development in an environmentally sound manner. Customer demand for this state-of-the-art, modern facility remains strong and leasing is tracking ahead of our expectations. With the largest network of modern logistic facilities in Japan, GLP is well positioned to support our customers’ growth in the future.”

GLP Misato III marks the third project for GLP in Misato city, a strategically-important location due to its close proximity to Tokyo. GLP’s four other existing properties within an approximate 10km radius are all 100% leased. The total investment amount for GLP Misato III is estimated to be JPY12.3 billion ($153 million).

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发表于 23-5-2013 02:29 AM | 显示全部楼层
CIMB ups GLP target by 8% to $3.32, keeps Outperform
http://www.theedgesingapore.com/the-daily-edge/business/43993-cimb-ups-glp-target-by-8-to-332-keeps-outperform.html

Wed, 22 May 10:11  
GLP CIMB raises Global Logistic Properties (MC0.SG) price target to $3.32 from $3.06, citing catalysts from lower Japanese cap rates and asset recycling initiatives.

The expected reflation of the Japanese economy is driving acquisition appetite for logistics properties and culminating in lower cap rates, it says; "we believe that revaluation gains from GLP's Japanese assets may come faster than expected and we expect the group to recycle more Japanese assets in 2H13."

CIMB sees a few value propositions: There is 10 cents per share upside if cap rates are compressed by 50 bps; an enlarged AUM platform could immediately add 10ct a share; the redeployment of its excess capital into China at current run rates for the next five years could lift valuations by 38 cents per share.

However, it notes that a weaker yen against the USD remains a drag for GLP; the house lowers its FY13-15 core EPS estimates by 17%-23% citing a weaker JPY and earnings lost from assets injected into GLP J-REIT. It keeps GLP rated Outperform. Shares are flat at $2.95.
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