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Sign in Sign up for a FREE subscriptionGLP establishes $675m China value-add real estate fund
GLP has established a new China fund, GLP China Value-Add Venture III (GLP CVA III), with a group of leading international and domestic institutional investors through a parallel fund structure.
GLP CVA III has a total investment capacity of RMB4.5 billion ($675 million) and will invest in modern logistics assets in GLP Park Lingang in Shanghai, the biggest and most advanced port-based logistics park in China.
GLP CVA III is the third China-focused value-add fund in GLP’s logistics real estate series, which seeks to generate long-term, stable returns by investing in high-quality and well-designed properties in prominent locations. GLP’s combined investing and operating expertise drives value creation to maximize the investment performance through all phases of the real estate cycle.
Teresa Zhuge, executive vice chairman of GLP China, said, “The establishment of GLP China Value Add Venture III demonstrates the strength and breadth of our fund management str
