Home News Funds

Singapore’s GLP raises $2.75 bil for largest ever Japan real estate fund

Atiqah Mokhtar
Atiqah Mokhtar10/19/2021 01:08 PM GMT+08  • 2 min read
Singapore’s GLP raises $2.75 bil for largest ever Japan real estate fund
The fund is expected to reach over $9.1 bil of AUM when fully deployed.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Global real estate logistics provider GLP has established the largest ever Japan-focused private real estate fund. On Oct 19, the Singapore-based firm announced it had raised JPB311 billion ($2.75 billion) for GLP Japan Development Partners IV (GLP JDP IV).

This surpasses the previous fundraising record set by its predecessor, GLP JDP III, which raised JPY250 billion in 2018. GLP JDP IV is the fourth fund under GLP's logistics development fund series in Japan.

GLP JDP IV is targeting JPY412 billion of total equity commitments, with assets under management (AUM) expected to reach over JPY1 trillion ($9.1 billion) when fully deployed.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now