Pages

Friday, April 20, 2018

People of Interest: Seek Ngee Huat

People of Interest:
The  Brookfield Properties Advisory Board, Canada
Seek Ngee Huat
INDEPENDENT DIRECTOR
Member of the Governance and Nominating Committee
Seek Ngee Huat has served as a director of Brookfield since November 2012. A resident of Singapore, N.H. Seek retired as President of GIC Real Estate Pte Ltd., a real estate company of sovereign wealth fund Government of Singapore Investment Corporation (“GIC”) in 2011 and served two more years as advisor to the GIC Group Executive Committee and Chairman of its Latin American Business Group. N.H. Seek serves as the Chairman of the board of directors of Global Logistic Properties Ltd., Chairman of the Management Board of the National University of Singapore Institute of Real Estate Studies and Chairman of the Urban Land Institute Asia-Pacific. He is also a senior advisor to Frasers Centrepoint Ltd. and Pontiac Land Ltd. and a member of the Brookfield Properties Advisory Board.
.........................................................................................................................


GLP HALTS TRADING AMID ALLEGATIONS OF A BOTCHED $9.9B SALE PROCESS


Seek Ngee Huat Ming Z Mei GLP
Chairman Seek Ngee Huat (L) and CEO Ming Z Mei have been working together since before GLP was officially established







After a seven month sales process, Global Logistic Properties faces the prospect of having only a single suitor for Asia’s largest warehouse developer as a June 30th deadline for bids approaches.
Over the course of a effort that began even before the $9.9 billion Singapore-listed company hired investment bank JP Morgan for a strategic review last December, some of the world’s largest private equity firms and pension funds including Blackstone, CPPIB and TPG have reportedly turned their backs on a sale that would deliver more than 2,600 warehouse properties globally in one of the industry sectors most favored by real estate investors.
Despite GLP owning a 15.8 million square metre China logistics platform – eight times the size of its next largest competitor, when the company drew up a short list of bidders in February only Blackstone, Warburg Pincus and a mainland consortium led by GLP CEO Ming Mei and director Fang Fenglei committed to the final round.

No comments:

Post a Comment

Comments always welcome!