HONG KONG -- GLP Capital Partners (GCP), the investment and asset manager of Asian warehouse giant GLP, has built a new 4.3 billion yuan ($608 million) fund in partnership with a Chinese domestic insurance provider, the firm has announced.
China Income Fund X (CIF X) is seeded with 13 income-generating industrial parks from GLP's balance sheet with a total leasable area of over 970,000 square meters (over 10.4 million square feet) located in Chinese cities including Shanghai, Kunshan, Shaoxing, Tianjin, Chongqing, Shenyang and Dalian.
