Singapore and Shanghai, 23 December 2020 – GLP announced today that it has established a new China fund, GLP China Value-Add Venture III (“GLP CVA III”), with a group of leading international and domestic institutional investors through a parallel fund structure. GLP CVA III has a total investment capacity of RMB4.5 billion (approximately US$675 million) and will invest in modern logistics assets in GLP Park Lingang in Shanghai, the biggest and most advanced port-based logistics park in China.

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