24 Feb '11, 12pm

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<p>SINGAPORE - 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 US$200 million (S$260 million). </p><p>The park will be jointly developed with Suzhou New District Bonded Logistic Center Development, who owns 10 per cent of the joint venture, while GLP owns the remaining 90 per cent. </p><img width='1' height='1' src='http://straitstimes.com.feedsportal.com/c/32792/f/524619/s/12ef9f5b/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='middle'><a href="http://res.feedsportal.com/viral/sendemail2.html?title=Singapore%27s+GLP+enters+JV+to+develop+Suzhou+logistics+park&link=http%3A%2F%2Fwww.straitstimes.com%2FBreakingNews%2FMoney%2FStory%2FSTIStory_638463.html" target="_blank"><img src="http://...

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