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GLP Launches $7B China Logistics Fund

By Tony Seruga

China’s major cities face a shortage of modern logistics space amid rising consumer demand.

SHANGHAI—Global Logistics Properties Ltd. has established what is believed to be the largest China-focused logistics infrastructure fund to date, CLF II. At US$7 billion, it’s more than twice the size of its US$3-billion predecessor, and was significantly oversubscribed.

Seven institutional investors, among them some of the world’s largest national pension and sovereign wealth funds, are investing alongside GLP to develop modern logistics facilities in China. GLP, which is managing the new fund and holds a 56% stake in it, is seeking to capitalize on a shortage of warehouse space amid increasing consumer demand…

GLP Launches $7B China Logistics Fund

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