Global logistics provider GLP announced on Friday that it has teamed up with a group of institutional investors to launch a new China fund with 15 billion yuan ($2.1 billion) for investment opportunities in stabilized, income-generating modern logistics assets.
The new fund, dubbed “GLP China Income Partners I,” will invest in around three million square meters of modern logistics assets in prominent locations in about 20 cities across China. The fund, which will be managed by GLP China, is GLP’s third investment vehicle to recycle capital in the country.
