“We are pleased to complete another successful fundraise for our onshore income fund strategy, in line with our asset-light strategy of growing funds under management. Institutional investors continue to appreciate the resilience of China’s logistics sector in China as well as the quality of GLP’s assets and we look forward to continuing to create value for our investors over the long term,” says Teresa Zhuge, chairman of the executive committee of GLP China.
Despite headwinds from a complex international environment, China’s express delivery sector, a key indicator of warehouse demand growth, continues to expand at approximately 20% y-o-y.
According to the latest data released by the China Federation of Logistics and Purchasing, China's logistics market activity continued to expand throughout the first half of the year, with total business volume and new orders both in the expansion range for consecutive months.
National warehouse net absorption reached 2.57 million sqm in 1Q2025, marking the highest first quarter total on record and indicating a rebalancing in demand and supply for logistics infrastructure.
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Collectively, GLP oversees approximately US$80 billion of assets under management across real asset and private equity strategies for a global and diversified investor base, including some of the world’s leading asset allocators.
