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Finance

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

Company continues acquisition of 'prime' locations in the region

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

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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