GLP, China Life establish $1.6b China logistics fund
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.
The vehicle, GLP China Value-Add Venture I, will focus on acquiring completed logistics and industrial projects, including seed assets provided by GLP. This is part of the company’s broader strategy...
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