| Mainboard-listed Global Logistic Properties Ltd (GLP) said on Tuesday it plans to set up its second and largest China-focused logistics infrastructure fund, with seven investors, with the aim to pump in up to US$7 billion (S$9.6 billion) in the sector in the next four years.
GLP, the biggest provider of modern logistics warehouses in China, said its partners will include some of the world's largest national pension and sovereign wealth funds from Asia, North America and the Middle East. GLP and its partners have already committed US$3.7 billion of equity to the fund, in which GLP China will hold a 56 per cent stake and which it will manage...............................................Full Article: Source |