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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.
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