Singapore GLP raises $1.3bn for pan-European logistics fund

Company continues acquisition of 'prime' locations in the region

20200930 Singapore GLP in Japan

GLP has assets such as logistics facilities in Japan and other countries.

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- Singapore-based logistics provider GLP announced on Tuesday that it has raised 1.1 billion euros ($1.3 billion) for its second pan-European income logistics fund, GLP Europe Income Partners II.

In a statement, the company said the fund, which is seeded with 1.9 million sq. meters in 25 logistics assets across nine European countries, attracted both new and existing global institutional investors.

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