GLP Capital Partners China closes RMB 3.6 billion income fund

Fund seeded with a Beijing office building from GLP’s balance sheet

GLP Capital Partners (“GCP”) has closed on a new closedend office income strategy with total AUM of RMB 3.6 billion. The income fund is invested in a high quality, core office complex in Beijing and is anchored by a renowned insurance institution in Asia and longstanding partner in GCP’s strategies.

The office complex comprising total gross floor area of 63,000 SQM underwent comprehensive asset management and leasing initiatives after LP acquired the property in 2021 and is currently leased to leading financial services, healthcare, pharmaceutical and agriculture and food companies.

Situated in Beijing’s East Second Ring Road Business District, the office complex serves many blue-chip customers seeking to establish headquarters in the well-established commercial cluster

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