GCP announces $250m of new capital raised for China value-add strategies

GLP Capital Partners (GCP) has closed on approximately RMB 1.75 billion (250 million) of fresh capital for its China value-added strategies.

The equity was raised from a leading global institutional investor and when fully leveraged will be invested in a pre-identified portfolio of GLP-developed modern logistics assets valued at approximately RMB 3.5 billion ($500 million).

The seed portfolio comprises four high-quality, income-generating logistics industrial parks located in Beijing, Shanghai and the Greater Bay Area with total net leasable area of more than 420,000 square meters (4.5 million square feet). The parks serve customers in the advanced manufacturing sector, including new-energy vehicle producers who are establishing domestic manufacturing bases as part of China’s “New Economy” drive.

“This offshore fundraise expands our value-add series in China and serves as a complement to our onshore RMB income strategies, which continue to grow alongside