GLP launches JV with SEA Logistic Partners
SEA Logistic Partners (SLP) and GLP have formed a new joint venture to invest in and develop modern logistic real estate in Vietnam.
“Within Southeast Asia, Vietnam is one of the most attractive markets given its population dynamics, growing economy and middle class which support domestic consumption,” said Ming Mei, co-founder and CEO of GLP. “When GLP enters a new market, growth and scalability are two key factors we consider. We see similarities between Vietnam and our logistics businesses in China, India and Japan and know we can leverage our expertise and knowledge from our experiences in those markets to create a strong and sustainable business in Vietnam.”
The venture will initially focus on the two largest markets in the country, Greater Hanoi and Ho Chi Minh City and its nearby provinces. The partnership enables SLP to leverage GLP’s fund management, development and operational expertise and resources, as well as GLP’s extensive global customer ne