GLP ACQUIRES $1.1B US WAREHOUSE PORTFOLIO

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Leading the headlines today, Asia’s biggest logistics developer just spread its footprint a bit wider with the $1.1 billion acquisition of a US warehouse portfolio, while one of Hong Kong’s biggest developers may get a bit smaller if its new 220,000 square metre mall in Dalian goes about as well as one would expect from a mammoth retail project in northeastern China right about now.