GLP C-REIT raises $260m to acquire new logistics assets in China

GLP C-REIT has completed its follow-on equity offering, raising approximately RMB 1.85 billion ($260 million) to acquire new logistics assets in China.

Proceeds will be used to acquire three logistics facilities — GLP Park Qingdao Qianwan Port, GLP Park Jiangmen Heshan and GLP Chongqing Urban Distribution Logistics Centre — expanding GLP C-REIT’s portfolio to comprise 10 modern logistics assets with total leasable area of 1.16 million square meters (12.49 million square feet). All assets are strategically located in China’s core logistics hubs to support regional supply chains. These include the Beijing-Tianbei-Hebei region, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing Economic Circle.

GLP Capital Partners is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity with approximately $125 billion in total assets under management across 52 funds as of Dec. 31, 202