15.11.2013 - Global Logistics to start world’s largest China warehouse fund
Global Logistic Properties Ltd. (GLP), China’s biggest modern warehouse operator, plans to start a $3 billion fund that will invest in properties in the country as e-commerce grows and retail chains expand. GLP, part-owned by Singapore’s sovereign wealth fund, GIC Pte, will partner with six institutional investors, including state and pension funds, to invest in China over the next three years, the company said in a statement to the Singapore stock exchange today. GLP will retain a 56 percent stake in the China fund, according to the statement...............................................Full Article: Source
Print