Global Logistic Announces $3B China Infrastructure Fund

Law360, New York (November 14, 2013, 1:52 PM EST) -- Global Logistic Properties Ltd. on Thursday said it has launched a $3 billion fund for the development of infrastructure in China, as the warehouse operator seeks to take advantage of growing demand in that country.

Singapore-based GLP said six other institutions, including national pension and sovereign wealth funds, are investing alongside GLP to capitalize on the opportunities arising from growing consumption and the shortage of modern logistics facilities in China.

“The launch of our new China fund, the largest of its type in the world, is...
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