GLP Capital Partners (“CP”) today announced the close of China Income Fund XII (“CIF XII*) with RMB 10 billion of assets under management (‘AUM’) in partnership with a leading global institutional investor.
The fund is seeded with 25 logistics and business park assets from LP’s balance sheet, with total leasable area of over 2.2 million SQM, and located in strategic clusters including the Yangtze River Economic Belt, the Beijing-Tianjin-Hebei and the Greater Bay Area regions where government policies are highly supportive of the development of new economy sectors. The CIF XII portfolio is anchored by a diversified blue-chip tenant base including e-commerce, automotive, third-party logistics players, alternative energy and intelligent and high-tech manufacturing companies.
“We have strong conviction in the solid fundamentals and growth prospects of new economy asset classes such as modern logistics parks, technology parks and hitech manufacturing parks. Our highly experienced local teams will continue to leverage our deep market expertise and industry-leading investment and asset management capabilities to drive value creation,” said Teresa Zhuge, President of China at GLP Capital Partners.
You can now read the full press release at the link below
