GLP announces new value-add office fund in China
Singapore-based GLP has launched its China Office Value Add Fund I, the first urban renewal fund in the country, according to Mingtiandi.
The fund will follow GLP China’s strategy of supporting urban renewal and promoting investments in technology, innovation and office properties.
On behalf of the fund, GLP is renovating a building of Yingdu Mansion in Beijing’s Zhongguancun technology hub.
“Through transformation and operational optimization, GLP’s professional team is committed to creating a better work experience and urban development,” said Teresa Zhuge, executive vice chairman of GLP China.