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Corporation
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Logistics services
glp.com

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Investments

51

Portfolio Exits

5

Funds

18

Partners & Customers

9

Service Providers

1

About Global Logistic Properties

Global Logistic Properties is a provider of modern logistics facilities in China, Japan, US, and Brazil. GLP is dedicated to improving supply chain infrastructure for manufacturers, retailers, and third-party logistics companies.

Global Logistic Properties Headquarter Location

501 Orchard Road #08-01 Wheelock Place

238880,

Singapore

+65 6643 6388

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Research containing Global Logistic Properties

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Global Logistic Properties in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Global Logistic Properties News

China Post, Singapore’s GLP Seek $3 Billion to Boost Logistics Infrastructure

Oct 21, 2021

China Post, Singapore’s GLP Seek $3 Billion to Boost Logistics Infrastructure A China Post delivery vehicle drives on a road in Yangzhou, East China’s Jiangsu province, on Aug. 22. Photo: VCG A joint venture between postal service operator China Post Group Co. Ltd. and Singapore-based logistics investor and operator GLP Pte. Ltd. is aiming to raise 20 billion yuan ($3.1 billion) for a private equity fund to invest in warehouses and other assets to boost logistics infrastructure in China amid rising consumer spending. The fund will invest in newly developed warehouse and operations centers and urban distribution parks in first-tier cities, and be used to revitalize existing assets within the postal services system, the two operators said in separate statements on Wednesday. Their joint venture, which was established on Oct. 15 and held its first shareholder and board meeting on the same day, “signified the beginning of China Post and GLP’s in-depth strategic cooperation in the fields of capital operation and asset management,” the two companies said. The JV partners are also targeting multi-use logistics and warehouse infrastructure projects, including postal sorting, air cargo and e-commerce fulfillment centers, high-end customized warehouses and high-specification cold storage facilities, the statements added. The fund will seek to explore how to integrate new technologies such as big data, the internet, artificial intelligence and blockchain into the logistics industry. China Post and GLP each hold a 50% stake in the new company and will jointly control the fund, according to a public notice (link in Chinese) released by the State Administration for Market Regulation on July 19. The joint venture company will mainly focus on the opening and leasing of general warehouses in Beijing, Shanghai, Langfang, Hangzhou, Nanjing and Wuhan. GLP, one of the world’s largest warehouse operators and logistics real estate investors, has more than $120 billion in assets under management in real estate and private equity, of which $72 billion worth is in China, including logistics, data centers and renewable energy, according to the company. In September, GLP said it had raised $1.75 billion at the first close of its GLP China Logistics Fund III, its third fund focusing on logistics in the country, as it bet big on the evolving consumer spending that underpins demand for modern warehouses. In the first half of the year, China’s online retail sales reached 6.11 trillion yuan, up 23.2% from a year ago, data released by the National Bureau of Statistics shows (link in Chinese). In an analysis published in Caixin last month, Teng Tai, director of Wanbo New Economy Research Institute, pointed out that online consumption is growing much faster than offline consumption, and there is broad space for the growth of new consumer demand. Logistics leasing demand in China accelerated in the second quarter of this year, with third-party logistics and e-commerce platforms accounting for 45% and 43% respectively of leasing volume in the period, according to a report by CBRE. E-commerce companies such as JD.com and Vipshop also extended their logistics footprints, driven by increasing requirements from online shopping events. “Overall vacancy for Grade A warehouses fell to 14.2% this quarter, the lowest since the onset of the coronavirus pandemic,” the report said. GLP said over the past year it had delivered more than 3.2 million square meters of newly built logistics assets across China while signing 18.7 million square meters of new and renewal leases, up 53% year-on-year. Contact reporter Kelsey Cheng (kelseycheng@caixin.com) and editor Michael Bellart (michaelbellart@caixin.com) Download our app to receive breaking news alerts and read the news on the go. Get our weekly free Must-Read newsletter. You've accessed an article available only to subscribers

Global Logistic Properties Investments

51 Investments

Global Logistic Properties has made 51 investments. Their latest investment was in RuiGuShop as part of their Series D on October 10, 2021.

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Global Logistic Properties Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/22/2021

Series D

RuiGuShop

$250M

Yes

2

9/21/2021

Seed

ASTA Network

Yes

CBRE Group, Great Wall Fund, KKR, and Undisclosed Investors

2

8/4/2021

Unattributed VC

Harvest Capital

$123.64M

Yes

3

8/3/2021

Series B

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$99M

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10

7/1/2021

Seed

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$99M

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10

Date

10/22/2021

9/21/2021

8/4/2021

8/3/2021

7/1/2021

Round

Series D

Seed

Unattributed VC

Series B

Seed

Company

RuiGuShop

ASTA Network

Harvest Capital

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Amount

$250M

$123.64M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

CBRE Group, Great Wall Fund, KKR, and Undisclosed Investors

Sources

2

2

3

10

10

Global Logistic Properties Portfolio Exits

5 Portfolio Exits

Global Logistic Properties has 5 portfolio exits. Their latest portfolio exit was China Railway Special Cargo Logistics on September 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/8/2021

IPO

$991

3

00/00/0000

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10

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10

00/00/0000

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10

00/00/0000

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10

Date

9/8/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

10

10

Global Logistic Properties Acquisitions

3 Acquisitions

Global Logistic Properties acquired 3 companies. Their latest acquisition was Gazeley on October 01, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/1/2017

$991

Acquired

6

8/23/2017

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$991

$99M

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10

3/2/2015

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$991

$99M

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10

Date

10/1/2017

8/23/2017

3/2/2015

Investment Stage

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

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Sources

6

10

10

Global Logistic Properties Fund History

18 Fund Histories

Global Logistic Properties has 18 funds, including GLP JDP IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/20/2021

GLP JDP IV

$2,720M

1

9/22/2021

GLP China Logistics Fund III

$1,750M

3

7/29/2021

GLP China Income Fund III

$700M

1

7/28/2021

GLP Capital Partners IV

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$99M

10

7/7/2021

GLP Japan Income Fund

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$99M

10

Closing Date

10/20/2021

9/22/2021

7/29/2021

7/28/2021

7/7/2021

Fund

GLP JDP IV

GLP China Logistics Fund III

GLP China Income Fund III

GLP Capital Partners IV

GLP Japan Income Fund

Fund Type

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Status

Amount

$2,720M

$1,750M

$700M

$99M

$99M

Sources

1

3

1

10

10

Global Logistic Properties Partners & Customers

9 Partners and customers

Global Logistic Properties has 9 strategic partners and customers. Global Logistic Properties recently partnered with IndoSpace on September 9, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

9/24/2018

Partner

IndoSpace

India

IndoSpace and GLP Form Strategic Partnership.

The partnership enables IndoSpace to leverage GLP 's fund management , development and operational expertise and resources , as well as GLP 's extensive global customer network , to further strengthen IndoSpace 's leadership position in India .

1

3/21/2018

Partner

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10

6/28/2017

Client

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10

10/11/2016

Partner

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10

10/8/2014

Partner

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10

Date

9/24/2018

3/21/2018

6/28/2017

10/11/2016

10/8/2014

Type

Partner

Partner

Client

Partner

Partner

Business Partner

IndoSpace

Country

India

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News Snippet

IndoSpace and GLP Form Strategic Partnership.

The partnership enables IndoSpace to leverage GLP 's fund management , development and operational expertise and resources , as well as GLP 's extensive global customer network , to further strengthen IndoSpace 's leadership position in India .

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Sources

1

10

10

10

10

Global Logistic Properties Service Providers

1 Service Provider

Global Logistic Properties has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Take Private

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Take Private

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Global Logistic Properties Team

4 Team Members

Global Logistic Properties has 4 team members, including current President, Nick Cook.

Name

Work History

Title

Status

Nick Cook

Economic Zones World, Gazeley, and Knight Frank

President

Current

Shane Kelly

Chief Financial Officer

Current

John Collins

Transwestern, Ernst & Young, and Grant Thornton

Chief Financial Officer

Former

Adam M. Jaworski

Senior Vice President

Former

Name

Nick Cook

Shane Kelly

John Collins

Adam M. Jaworski

Work History

Economic Zones World, Gazeley, and Knight Frank

Transwestern, Ernst & Young, and Grant Thornton

Title

President

Chief Financial Officer

Chief Financial Officer

Senior Vice President

Status

Current

Current

Former

Former

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