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Sign in Sign up for a FREE subscriptionGLP China Value-Add Partners IV completes $1.2b first close
GLP has completed the first close of GLP China Value-Add Partners IV (GLP CVA IV), with $1.2 billion in equity commitments and around $2.6 billion of investment capacity.
The capital came from a number of GLP’s long-term institutional investment partners, including APG Asset Management N.V., the investment manager for the largest pension provider in the Netherlands.
GLP CVA IV follows a differentiated logistics value-add strategy, focused on acquiring existing assets and creating value through active asset management, including cold storage conversion.
“China’s ecommerce sector continues to dominate growth amongst major economies, capturing tailwinds of the pandemic,” said Tim Wang, co-president of logistics and industrial real estate of GLP China. “With a rise in demand for fresh food ecommerce and pharmaceutical related solutions, cold storage space continues to be highly sought-after, and the market is expected to more than double in size by 2025.
