GLP begins construction of ALFALINK Ibaraki I in Osaka
GLP ALFALINK Ibaraki 1 is the first building of GLP ALFALINK Ibaraki, which will comprise three facilities with a total floor area of ~320,000 sqm when complete, making it the largest logistics development in the Kansai region.
China’s CATL Extends Lead as World’s Top EV Battery Maker
Contemporary Amperex Technology Co. Ltd.’s share of the electric-vehicle battery market continues to grow, according to the latest data from Seoul-based SNE Research, which show the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022. GLP partners with CATL through joint venture GCTL to expand the use of clean energy in logistics and transportation.
GLP has established a new RMB15 billion (US$2.1 billion) fund to invest in stabilized, income-generating modern logistics assets in China. GLP China Income Partners I will be GLP’s third vehicle to recycle capital in China.