China-focused private equity investment firm Hopu Investment Management has agreed to take part in a consortium investment of US$2.5 billion in Singapore-listed Global Logistic Properties (GLP), a warehouse operator with interests in China, Japan and Brazil. The consortium, which includes Bank of China's investment unit among other unnamed investors, will subscribe to around 74.3 million new shares in GLP for a total consideration of SGD204.7 million (approximately US$162.3 million), in addition to subscribing to 2.1 billion new shares in GLP’s subsidiary, Iowa China Offshore Holdings, for around US$2.35 billion. Post-transaction, the consortium will own 1.5 percent of GLP and 30.3 percent of Iowa China Offshore Holdings. As part of the deal, all of GLP’s operations in China, including 500 completed properties in 34 cities, will be transferred to Iowa China Offshore Holdings.