Logistics giant GLP nets $1b for sixth China income fund

Logistics giant GLP nets $1b for sixth China income fund

GLP Park Shanghai Baoshan was formerly the flagship asset of GLP China Logistics Fund I and is now part of GLP's China income fund series

Global logistics giant GLP has clinched RMB 7.6 billion ($1.05 billion) for the final close of its sixth China income fund, GLP China Income Fund VI (GLP CIF VI), according to an announcement on Monday.

Under the portfolio of GLP CIF VI are 20 stabilised and income-producing logistics properties with 2.13 million square metres in total leasable area, which are rented out to e-commerce, logistics, and retail companies across 19 cities in China. Investors in the fund include leading domestic insurance companies and other existing GLP institutional investment partners.

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