GLP Wins Eight Awards at PERE Global Awards 2019
GLP has been recognized by Private Equity Real Estate (“PERE”) as the winner of eight awards at PERE Global Awards 2019 including “Global Firm of the Year” for the second consecutive year.
Second consecutive year GLP is named “Global Firm of the Year”
Singapore, 2 March 2020 – GLP, a global investment manager with US$89 billion* of assets under management in real estate and private equity funds, is pleased to announce that it has been recognized by Private Equity Real Estate (“PERE”) as the winner of eight awards at PERE Global Awards 2019.
- Firm of the Year – Global
- Industry Figure of the Year – Global (Ming Mei)
- Industry Figure of the Year – North America (Alan Yang)
- Firm of the Year (Asia)
- Deal of the Year (Asia)
- Logistics Investor of the Year (Asia)
- Firm of the Year (China)
- Firm of the Year (Japan)
IndoSpace, a strategic joint venture of GLP, was also named Firm of the Year (India).
“Last year was one that defined and redefined GLP and we are honoured to receive recognition from the industry for our hard work and achievements,” said Ming Mei, Co-Founder and CEO of GLP. “Our success and growth as a global investment firm can be attributed to the hard work and entrepreneurial nature of our team. We believe our combined expertise as operators and investors position us well to be the most sought-after investment partner in the industry for our investors.”
Two notable moments in 2019 included GLP selling U.S. assets from three funds to Blackstone for US$18.7 billion in the largest-ever private real estate transaction, which affirmed the firm’s decision to enter the U.S. market four and a half years earlier and demonstrated the ability of its team to grow the business and increase the value of acquired assets. GLP also entered into a landmark agreement with China Merchants Group to acquire 50 percent of their private equity arm, China Merchants Capital, to expand GLP’s investment scope further into infrastructure, finance and private equity, and support the core logistics real estate business globally.
GLP also raised more than US$9 billion of logistics real estate funds across China, Japan and Brazil and expanded its partnerships with new and existing investors.
Also in 2019, GLP leased more than 16.5 million square meters (178 million square feet) globally – the equivalent to 2,300 football (soccer) fields – and is raising additional core fund initiatives across several markets to support its global development pipeline.
The Global PERE Awards recognize significant highlights in the global real estate industry and is highly respected across the global real estate private equity industry.
About GLP
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, and the U.S. and have US$89 billion* in assets under management in real estate and private equity funds. Learn more at glprop.com.
*upon completion of a previously announced transaction
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Meredith Balenske |
Investor Contact: Ambika Goel, CFA SVP, Capital Markets Tel: +65 6643 6372 Email: agoel@glprop.com |
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