GLP Forecasts Strong Monetizations as Strong Fundamentals and High Demand Continues for Quality Logistics Assets

Singapore, 9 October 2023 - GLP Pte. Ltd. (“GLP” and with its subsidiaries the “Group”), a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies with over $50 billion of assets on balance sheet, continues to strengthen its market leadership in new economy sectors bringing over $10 billion of assets to market as demand for these assets increases and as part of the Group’s capital recycling plans. Global secular trends including strong e-commerce growth, decarbonization and energy transition, and high demand for data storage due to increased enterprise adoption of cloud and artificial intelligence, continue to fuel high demand for logistics real estate, renewable energy and data centre assets and enables the Group to accelerate its programmatic asset monetization strategy and recycling of capital into deleveraging.