GLP completed the acquisition of CEE logistics portfolio from Goodman for $1bn.

GLP, an investment management firm, completed the acquisition of Central and Eastern Europe logistics portfolio from Goodman, an Australian integrated commercial and industrial property group that owns, develops and manages real estate, for $1bn. The transaction is subject to regulatory approval. "The proceeds of this transaction will enable us to capitalise on the strong demand for industrial property and continue to scale up in the major consumer markets in Germany, France, Spain, Benelux and Italy. We will continue to focus on owning high-quality properties and building out our significant development pipeline in these markets, where barriers to entry are high and land is scarce," Philippe Van der Beken, Goodman CEO.