Submitted by glpadmin1 on Tue, 10/19/2021 - 09:01

GLP to raise $9bn Japan real estate fund in bet on ecommerce warehouse boom

GLP to raise $9bn Japan real estate fund in bet on ecommerce warehouse boom

Source: Financial Times

GLP, Asia’s biggest logistics investor, has raised ¥311bn ($2.7bn) from sovereign wealth funds, pension funds and insurance companies for the biggest ever Japan-focused private real estate fund.

Known as Japan Development Partners IV, the fund is expected to have more than ¥1tn worth of assets under management by the time it is fully deployed.

Read more: (subscription may be required) https://www.ft.com/content/7811a77b-b2f9-44d4-a1eb-8d1f7e7e3d45