GLP has launched GLP Japan Income Fund (GLP JIF) to invest in modern logistics properties in Japan. With ¥280 billion ($2.6 billion) in assets under management at launch, the fund is believed to be Japan’s largest private open-end logistics real estate income fund.
In December 2019, the firm unveiled plans to open the fund targeting the logistics sector this year.
GLP JIF’s investor base is primarily composed of new investors, including pension funds, financial and insurance companies, and sovereign wealth funds investing alongside GLP.
“Investor interest from domestic and international investors in GLP Japan Income Fund was very strong,” said Ralf Wessel, managing director, fund management, of GLP in Singapore. “We believe it is a testament to our high-quality, modern logistics assets and our fund management and operational capabilities, wh
