GLP C-REIT becomes first logistics REIT to list on Shanghai exchange after $910m IPO

GLP C-REIT becomes first logistics REIT to list on Shanghai exchange after $910m IPO

GLP’s Chinese REIT (C-REIT) has become the first logistics Real Estate Investment Trust to float its shares on the Shanghai Stock Exchange (SSE) after it raised over 5.8 billion yuan ($910 million) in an initial public offering (IPO) on Monday.