GLP: Chinese City Logistics Real Estate Fund Closes RMB 4.5 Billion | news

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GLP has closed its latest Chinese onshore revenue vehicle, GLP China Income Fund III, to invest in a 4.5 billion yuan (€ 585 million) portfolio in Chinese cities.

IPE Real Assets understands that a Chinese institution is the only investor in the fund. GLP China’s contribution to the fund will be in assets.

China’s new revenue fund will invest in a portfolio of stable, income-generating industrial and logistics parks in seven cities.

The fund’s portfolio includes 11 facilities located in the logistics and industrial centers of Shanghai, Suzhou, Tianjin, Chengdu, Wuxi and Changzhou.

Teresa Zhuge, executive vice chairman of GLP China, said GLP continues to see “robust investor demand” for stable logistics and industrial assets and income streams in China.

“The fund management platform is an important source of capital for GLP and we will continue to raise capital for both our development and stabilized assets to effectively scale our business and generate attractive returns for our investors,” she said.

To read the digital edition of the latest IPE Real Assets magazine, click here

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