GLP sees lot more room for fund business

Global Logistic Properties (GLP) is revving up growth through its fund management platform, with plans afoot to further expand in the US by acquiring asset portfolios in the billion dollar range, said group CEO Ming Z Mei.

GLP is also starting to deploy its second China development fund of US$7 billion that was raised in July 2015, while monetising stabilised logistic assets in China through a private fund.

"There's a lot of room to grow the fund business in all the markets we are operating in," Mr Mei said. "In the US, we have grown to the second largest provid…