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Sign in Sign up for a FREE subscriptionGLP closes $4b of European funds, plans future funds across Europe
GLP, a global provider of modern logistics facilities and technology-led solutions, has held a final close of GLP Europe Income Partners I (GLP EIP I) and GLP Europe Development Partners I (GLP EDP I). GLP is the manager and retains a 13 percent stake across both funds.
Long-term investors, including sovereign wealth funds, pension plans, property and insurance companies from North America, Asia, Europe and the Middle East, have invested in the funds.
Several new investors were added to its fund management platform including: Korea Fire Officials Credit Union, the savings fund for Korea’s fire service; Oxford Properties, the global real estate arm of OMERS, the defined benefit pension plan for municipal employees; QuadReal Property Group, the global real estate investment arm of BCI; and Tesco Pension Investment, a private sector pension scheme in the United Kingdom. QuadReal Property Group has previously invested in GLP EDP I. “Demand from institutiona
