GIC's GLP enters JV to develop Suzhou logistics park

Reuters, 24 Feb 2011Feb 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