Global Logistic Properties : NEWS RELEASE - GLP TO ACQUIRE US$1.1 BILLION US LOGISTICS PORTFOLIO

For Immediate Release‌‌‌‌‌‌‌‌‌‌‌

• Initial closing of a US$700 million portfolio expected in December 2016; further US$400 million development portfolio to be acquired in phases upon completion and full lease-up
• GLP expects to sign with capital partners by initial closing and retain a 10% stake post-syndication
• Accretive transaction solidifying GLP's position as the 2nd largest logistics property owner and operator in the US
• 15 million sf portfolio is one of the highest quality logistics portfolios in the US

GLP's Fund Management Platform Generates Attractive Returns

The US$1.1 billion transaction is expected to be funded by US$470 million of equity and US$635 million of debt. GLP's target 10% equity stake of US$47 million is expected to

1 Syndication is subject to customary regulatory approvals in investors' respective home countries and the US (as applicable)

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generate a 13%2return-on-equity (including fees) in the first year of investment.

GLP expects to fund its equity commitment with cash on hand and existing credit facilities. GLP has secured long-term, low-cost debt at a fixed rate, which locks in attractive returns for GLP.

Chuck Sullivan, President and Chief Operating Officer of GLP US, said: "The portfolio being acquired from Hillwood is one of the highest quality logistics real estate portfolios in the US. This transaction, which will be immediately accretive to GLP, demonstrates our ability to leverage our existing platform to pursue enhanced network benefits in the strongest US markets."

High Quality Portfolio Further Consolidates GLP's US Presence

The acquisition solidifies GLP's position as the second largest owner and operator of logistics facilities in the US with no additional overhead. The initial closing portfolio of US$700 million is 100% leased with a weighted average lease expiry of 9 years. A further US$400 million of development assets shall be acquired in phases upon completion and full lease-up. The acquisition structure of the development assets integrates a set of stringent lease-up metrics which lock in long-term tenants for GLP while eliminating lease-up risk.

The portfolio is being acquired from Hillwood, a premier property developer in the US sponsored by Ross Perot, Jr. The 15 million sq ft (1.4 million sqm) portfolio has a strong concentration in desirable locations expected to benefit strongly from the growth of e-commerce in the US. This transaction enlarges GLP's US footprint to 187 million sq ft (17 2 Determined using, among other things, estimates of fund management fees and rental income

million sqm), with the US representing 8% of GLP's SFRS3Net Asset Value. GLP is the second largest logistics property owner and operator in the US and the largest in China, Japan and Brazil.

GLP is a fund manager, developer and owner-operator of modern logistics facilities. As of 30 June 2016, GLP owns and operates a global portfolio of 52 million square meters (560 million square feet) that caters primarily to domestic consumption. GLP's 4,000 customers include some of the world's most dynamic manufacturers, retailers and third party logistics companies. GLP's US$37 billion fund management platform is a key area of growth going forward.

GLP is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).

GLP Investor Relations & Media Contact: Ambika Goel, CFA

SVP- Capital Markets and Investor Relations Tel: +65 6643 6372

Email: agoel@glprop.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," "intends," "foresees," "estimates," "projects," and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include

3 SFRS refers to Singapore Financial Reporting Standards. SFRS NAV does not include the full value of GLP's fund management platform and future value creation from development

(without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP's assumptions are correct.