Submitted by glp@admin on Tue, 09/22/2020 - 15:54

GLP to Acquire Goodman Group’s Central and Eastern Europe Logistics Portfolio

GLP held the final close of its RMB15 billion (US$2.1 billion) GLP China Income Fund I. Of the seven institutional investors, six are new to GLP, marking continued demand by investors for logistics sector opportunities.

New and existing investors include seven Chinese institutional investors
Investor demand driven by increasing domestic consumption and rapid growth in e-commerce across China

Shanghai, April 20, 2020 – GLP announced today the final close of its newest fund, GLP China Income Fund I (“GLP CIF I”) with a total investment capacity of RMB 15 billion (approximately US$2.1 billion) assets under management. Of the seven institutional investors in the new fund, six are new to GLP, marking continued demand by investors for logistics sector opportunities.

GLP CIF I is fully-seeded with 34 stabilized, income-producing assets in 18 cities across China, which remains the largest consumption opportunity in the world, with an advanced and rapidly-growing e-commerce market.

Teresa Zhuge, Executive Vice Chairman of GLP China, commented: "Despite the current environment, we received significant interest from institutional investors to participate in GLP CIF I. We believe it is a testament to GLP’s high-quality, modern logistics assets and our fund management and operational capabilities, which allow us to drive value through all phases of the asset life cycle. Investor demand for China logistics real estate is exceptionally strong and we are pleased to provide our institutional investor partners access to this market opportunity.”

GLP CIF I is the third vehicle in China to support GLP’s capital recycling strategy. The Company also manages GLP China Value-Add Venture I & II, which were launched in 2018, making US$7 billion of income funds in China.

GLP manages six China real estate and private equity funds, which have approximately US$19 billion in AUM. The Company is committed to maintaining its leadership position in China by positioning its logistics real estate network to serve the demands arising from the growth of domestic consumption, including online shopping, as well as focusing on identifying and implementing technologies to build more efficient modern logistics ecosystems that will create value for our customers and investors.

About GLP

GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, and the U.S. and have US$89 billion in assets under management in real estate and private equity funds. Learn more at

Media Contact:

Meredith Balenske

SVP, Global Communications

Tel: +852 6116 6709


Investor Contact:

Ambika Goel, CFA

SVP, Fund Management

Tel: +65 6643 6372


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