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GLP to complete stake syndication in US portfolio

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GLP to complete stake syndication in US portfolio

'sunit agreed on a deal for its final stake syndication in GLP US Income PartnersII for US$108.0 million, subject to post-closing adjustments.

NewWestern Holdings LLC signed a deal with an undisclosed new co-investor for thesyndication of an approximately 5.45% interest in the U.S. .

Asof March 31, the syndicated interest was valued at around US$108.9 million,according to a statement.

GlobalLogistic said it will retain an estimated 10% stake in the portfolio after thecompletion of the entire stakesyndication process.