GCLHGrand Cross of the Legion of Honour
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The new equity commitment announced today doubles the total equity allocated to GCLH to US$1 billion, reflecting the platform's increasing acquisition and development momentum.
Together with Goodman, we expect that GCLH will continue to perform well over the long term through its participation in the rapid growth of this market.
Both the increased equity commitment and bank facility will be used by GCLH to drive new opportunities in mainland China.
Goodman Group CEO, Greg Goodman, said, "The initiatives we are announcing today provide our GCLH joint venture with significant capacity to take advantage of new opportunities in line with the execution of our China growth strategy.
Council regeneration chief Clive Dutton, anxious as always not to overshadow his boss, risked only one GCLH moment in his speech.