GLP closes $675m third China value-add fund in record fundraising year

GLP closes $675m third China value-add fund in record fundraising year

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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