GLP has closed its latest China onshore income vehicle, GLP China Income Fund III, to invest in a RMB4.5bn (鈧�585m) portfolio in Chinese cities.
91传媒在线 understands that the fund鈥檚 single investor is a domestic Chinese institution. GLP China鈥檚 contribution to the fund will be in assets.
The new China income fund will invest in a portfolio of stabilised, income-generating industrial and logistics park assets across seven cities.
The fund鈥檚 portfolio includes 11 facilities located in the logistics and industrial hubs of Shanghai, Suzhou, Tianjin, Chengdu, Wuxi and Changzhou.
Teresa Zhuge, executive vice chairman of GLP China, said GLP continued to see 鈥渞obust investor demand鈥� for stable logistics and industrial assets and income streams in China.
鈥淭he fund management platform is an important source of capital for GLP, and we will continue to raise capital for both our development pipeline and stabilised assets to scale our business effectively while generating attractive returns for our investors,鈥� she said.
To read the digital edition of the latest 91传媒在线 magazine click here.
