A hot market always leads to corporate changes as bigger businesses spot merger and acquisition opportunities too good to miss. And this autumn, some mighty acquisitions took place. Among the most eye-catching was the purchase by Singaporean-listed Global Logistic Properties (GLP) which has agreed to acquire logistics platform IDI Gazeley for €2.4bn. The deal came days after the expansion into the UK of Polish-based warehouse developer Panattoni Europe. The move, based on a tie-up with UK developer First Industrial, means the business has a £300m war chest to acquire new sites as it heads toward a 3M SF/year development pipeline.
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