GLP establishes US$7b China logistics infrastructure fund

Backed by seven institutional investors.

Global Logistic Properties today revealed that it has established a US$7 billion China-focused logistics infrastructure fund, backed by seven leading institutional investors.

The fund, known as CLF 2, is the world's largest China-focused logistics infrastructure fund.

US$3.7 billion of equity has been committed to the fund by GLP and investors, with leverage allowing for an investment capacity of US$7 billion to develop 13 million square meters over four years.

GLP China is the manager and holds a 56% stake in CLF II. China is GLP’s primary market for development with development starts growing at 30% per annum.

GLP said that CLF II is more than double the size of CLF I at US$3 billion given the size of the market opportunity and strong demand from investors.

GLP added that the offering was significantly oversubscribed and provides long-term capital that enables GLP to strengthen its network effect, better serve customers and de-risk its development pipeline. Fees and promotes earned on partners’ capital enhance GLP’s returns by 400-500 basis points.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit