GLP Capital Partners (“CP”) today announced the close of China Income Fund XI (“CIF XI**) with RMB 3 billion of assets under management (AUM’) in partnership with a leading domestic insurance institution.

The fund is seeded with four modern logistics parks from LP’s balance sheet, with total leasable area of 540,000 SQM, located in core logistics hubs of Shanghai, Jinan and Harbin. The parks serve customers in automobile manufacturing, pharmaceutical, commerce and third-party logistics industries, with all parks incorporating smart park technologies and environmentally friendly features such as rooftop photovoltaic systems, electric vehicle charging stations and LED lighting.

“As specialists in industrial and logistics facilities development and management, we adopt a customer-focused approach to serve the changing needs of our customers, yielding resilient leasing performance. We serve a large portfolio of customers critical to the manufacturing and consumption supply chains in China through the years, which provides us foresight to better position our facilities and proactively upgrade our service standards, resulting in sustained market leading asset performance,” said Angela Zhao, Co-President of Logistics and Industrial Real Estate, GCP China.

You can now read the full press release at the link below