Submitted by glpadmin1 on Tue, 04/27/2021 - 06:11

GLP Closes RMB 5.8 billion China Income Fund II

GLP Closes RMB 5.8 billion China Income Fund II

Fund seeded with 13 modern logistics facilities in prominent locations across China

GLP CIF II is the second fund in GLP’s onshore income fund series

Singapore and Shanghai, 27 April 2021 – GLP announced today the close of its newly established China-focused core-plus logistics fund which seeks to generate long-term, stable returns, by investing in high-quality and well-designed properties in prominent locations.

GLP China Income Fund II (“GLP CIF II”) has a total investment capacity of RMB 5.8 billion (approximately US$900 million) and is seeded with a portfolio of 13 modern logistics assets in prime locations across Yangtze River Delta, southern China and mid-western China.

The investors in GLP CIF II comprise new and existing domestic institutional investors.

Teresa Zhuge, Executive Vice Chairman of GLP China, said, “We launched GLP China Income Fund II in response to investor demand for cash yields and access to GLP’s proprietary pipeline of high quality, income-producing logistics assets. Fund management is an important and growing part of our business and we are committed to expanding this platform through further capital recycling initiatives and establishing new funds.”

GLP is the market leader in ground-up development and asset management of modern logistics real estate in China and currently manages $20 billion AUM of logistics funds across income and development strategies.

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, the U.S. and Vietnam and have over US$100 billion in assets under management in real estate and private equity. Learn more at


Media Contact: 

Meredith Balenske
SVP, Global Communications & ESG
Tel: +852 6116 6709

Investor Contact:

Craig A. Duffy
Managing Director, Fund Management
Tel: +852 9038 5284

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," “intends,””foresees,” “estimates,” “projects,” and similarexpressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLPs assumptions are correct