Logistics giant GLP raises $2.7 billion for Japan real estate fund

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The fund, GLP Japan Development Partners IV, is expected to reach over 1 trillion yen of assets under management when fully deployed, GLP said in a statement.

It will focus on developing logistics facilities in Japan, in particular large-scale projects in the greater Tokyo and Osaka regions.

GLP, owned by a Chinese consortium, has more than $120 billion of assets under management in real estate and private equity, the company said.

($1 = 114.1200 yen)