© Reuters.
TOKYO (Reuters) – Asia’s biggest warehouse operator, GLP, said on Tuesday it raised 311 billion yen ($2.73 billion) for its largest Japan-focused private real estate fund amid a global boom in the logistics sector spurred by growing e-commerce sales.
The fund, GLP Japan Development Partners IV, is expected to reach over 1 trillion yen of assets under management when fully deployed, GLP said in a statement.
It will focus on developing logistics facilities in Japan, in particular large-scale projects in the greater Tokyo and Osaka regions.
GLP, owned by a Chinese consortium, has more than $120 billion of assets under management in real estate and private equity, the company said.
($1=114.1200 yen)
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© Reuters. TOKYO (Reuters) – Asia’s biggest warehouse operator, GLP, said on Tuesday it raised 311 billion yen ($2.73 billion) for its largest Japan-focused private real estate fund amid a global boom in the logistics sector spurred by growing e-commerce sales.The fund, GLP Japan Development Partners IV, is expected to reach over 1 trillion yen of assets under management when fully deployed, GLP said in a statement.It will focus on developing logistics facilities in Japan, in particular large-scale projects in the greater Tokyo and Osaka regions.GLP, owned by a Chinese consortium, has more than $120 billion of assets under management in real estate and private equity, the company said.($1=114.1200 yen)Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.