GLP to raise $9bn Japan real estate fund in bet on ecommerce warehouse boom

Source: Financial Times

GLP, Asia’s biggest logistics investor, has raised ¥311bn ($2.7bn) from sovereign wealth funds, pension funds and insurance companies for the biggest ever Japan-focused private real estate fund.

Known as Japan Development Partners IV, the fund is expected to have more than ¥1tn worth of assets under management by the time it is fully deployed.

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