11-Sep-18, South China Morning Post
GLP, Asia’s largest warehouse operator, has launched a USD2 bn China fund in partnership with Singapore sovereign wealth fund GIC as it continues to tap into the growing demand for warehousing fuelled by a boom in e-commerce and domestic consumption.
%20South%20China%20Morning%20Post.jpg "Warehouse operator GLP launches USD2 bn China logistics fund (c) South China Morning Post")
Image: South China Morning Post
GLP is the fund’s asset manager and will contribute seed assets to the fund, which will focus on existing income-generating facilities in China.
Already the largest owner of logistics facilities in China, GLP’s 30 mn square metres of modern sheds focus on domestic consumption and account for roughly half of their global business. They cater to industries ranging from e-commerce, to third party logistics providers, retailers and manufacturers.