GIC, GLP set up US$2b fund to acquire logistics facilities in China

Published Tue, Sep 11, 2018 · 09:50 PM

Singapore

SINGAPORE sovereign wealth fund GIC and logistics facilities provider GLP have teamed up to establish a US$2 billion fund that focuses on acquiring income-generating logistics facilities in China.

In a joint statement on Tuesday, the parties agreed that GLP China will act as the fund's asset manager, as well as contribute seed assets to the fund.