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GLP raises $3.7bn for Japan logistics development fund

The Singapore-based global investment manager has closed a Japan-focused real estate fund.

Fund: GLP Japan Development Partners IV
Amount raised: ¥412 billion
Stage of fundraising: Final close
Predecessor fund: GLP Japan Development Partners III (¥250 billion)

GLP has announced the final close on its GLP Japan Development Partners IV on ¥412 billion ($3.7 billion; €3.2 billion). Following with its flagship Japan logistics development strategy, the capital raised for the fund will be invested in modern logistics facilities in Japan, in particular large-scale projects in the greater Tokyo and Osaka regions.