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Sign in Sign up for a FREE subscriptionGLP raises $700m for third China income fund
GLP has closed its RMB4.5 billion ($700 million) China onshore income vehicle, GLP China Income Fund III (GLP CIF III).
The fund’s portfolio includes 11 industrial and logistics park assets located in key logistics and industrial hub areas of Shanghai, Suzhou, Tianjin, Chengdu, Wuxi and Changzhou. GLP said the assets cater to growing high-tech and innovation-based manufacturing industries aligned with China’s economic growth initiatives.
“We continue to see robust investor demand for stable logistics and industrial assets and income streams in China,” said Teresa Zhuge, executive vice chairman of GLP China. “The fund management platform is an important source of capital for GLP, and we will continue to raise capital for both our development pipeline and stabilized assets to scale our business effectively while generating attractive returns for our investors.”
GLP manages onshore and offshore logistics strategies with return targets ranging from core
