GLP, a global logistics facilities operator, is partnering with GIC, Singapore’s sovereign wealth fund, to establish a new fund in China to capture rapid growth in the country’s booming logistics sector. The US$2 billion U.S. dollar-denominated venture will focus on income-generating logistics facilities in China. GLP China is the asset manager and will contribute seed assets to the fund, according to an announcement today. "We continue to see significant customer demand for our integrated logistics solutions and look forward to …

Logistics Asset Manager GLP Teams Up With Singapore’s GIC To Set Up $2B China Fund appeared first on China Money Network.