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GLP Capital Partners raises USD240m for logistics assets in China

GLP Capital Partners announced that it has secured a capital injection of CNY1.75bn (about USD240m) to bolster its modern logistics assets in China. The investment will focus on four logistics industrial parks situated in Beijing, Shanghai, and the Greater Bay Area, with a combined valuation of approximately CNY3.5bn. Teresa Zhuge, the executive vice chairman and president for China at GLP Capital Partners, highlighted that this offshore fundraising complements their domestic CNY income strategies. The company, overseeing around USD58bn worth of assets in China, noted that these logistics parks span over 420,000 square metres of leasable space and cater to a clientele from the manufacturing sector.


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