This fund underscores GLP’s deep commitment to China’s infrastructure and new economy sectors which continue to be supported by the growth of e-commerce and robust investor demand. GLP’s extensive on-the-ground operational expertise, customer network and asset management track record in China have anchored its ability to tap on domestic capital to drive onshore investment management activities.

The fund is seeded with 20 stabilised modern logistics assets across 19 cities that serve top customers in e-commerce, logistics and retail sectors with a total leasable area of 2.13 million sqm. The portfolio of assets are quality core income-generating properties ensuring strong and recurrent cash-flow generation.

“The closing of GLP CIF VI affirms our ability to raise capital from new and existing investment partners seeking stable returns from our income fund series,” said Teresa Zhuge, Executive Vice Chairman of GLP China. “As part of our progressive transition to an asset-light and capital-efficient business model, we continue to adopt a flexible and disciplined approach to execute on our asset monetization and capital recycling plans. We aim to maximize value for our investors through active asset management underpinned by our emphasis on sustainability.”

Read the full press release at the link below