GLP closes $700m logistics-focused China Income Fund III dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
[Updated] GLP closes modern logistics-focused China Income Fund II at $900m
Photo: GLP website
Editor’s note:
This story has been updated with more detailed information from a GLP statement received on April 27.
Singapore-based GLP, Asia’s biggest warehouse operator, has raised 2.9 billion yuan ($447 million) for its newest China-focused logistics fund, according to an IPE report.
In a subsequent statement on Tuesday, GLP confirmed the close of the new fund. The fund, dubbed “GLP China Income Fund II (GLP CIF II),” has a total investment capacity of 5.8 billion yuan (approximately $900 million) and is seeded with a portfolio of 13 modern logistics assets in prime locations across Yangtze River Delta, southern China, and mid-western China, according to the statement. Limited partners (LPs) in GLP CIF II comprise new and existing domestic institutional investors in China.
GLP closes $675m third China value-add fund in record fundraising year Premium
Asia’s biggest warehouse operator GLP announced on Wednesday that it has built a new China fund, GLP China Value-Add Venture III (GLP CVA III), with an investment firepower of 4.5 billion yuan (about $675 million) to back logistics assets in Shanghai.
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