Corporate digest

Global Logistic Properties

GLOBAL Logistic Properties (GLP) has set up a US$7 billion fund to develop modern logistics facilities in China after its first such fund reached its investment capacity, it said in an SGX filing on Tuesday. Its second China-focused logistics infrastructure fund has already secured US$3.7 billion of equity from GLP and seven other investors with leverage allowing for an investment capacity of US$7 billion to develop 13 million sq m over four years.

China New Town Devt