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SHANGHAI: May 11, 2018. GLP, a provider of logistics real estate and technology solutions, has launched a US$1.6 billion private equity fund for logistics.

Called Hidden Hill Modern Logistics Private Equity Fund, GLP said it is the only fund in China dedicated to investing in the logistics “ecosystem” and will be managed by Hidden Hill Capital, the private equity platform of GLP China.

London City AirportInvestors in the Fund comprise long-term institutional investors and insurance businesses including China Post Capital, said the company.

Ming Mei, GLP co-founder and CEO explained: “The launch of Hidden Hill is a major milestone for GLP. The Fund will invest in adjacent growth sectors that complement GLP’s real estate business, with a focus on companies employing technology to enhance efficiency in the logistics industry.

“We are excited to partner with like-minded investors, continuing our strategy of pioneering a smart logistics ecosystem that harnesses technology to enhance returns for our customers,” he added.

GLP has US$50 billion in assets under management. The company’s real estate investments span 62 million square metres in Europe, China, the US, Brazil and Japan.

Last month GLP UK subsidiary Gazeley announced the purchase of a six-acre lot in London’s Docklands to develop a three-floor logistics facility. The 426,000 sq. ft. warehouse space opposite London City Airport (pictured) will be used as a last mile logistics hub for London and its surrounding catchment area for e-commerce, distribution and logistics customers.

"This type of development has never been done before in the UK. A three-storey warehouse in such a central location will be hugely valuable for Londoners who will benefit from customers being able to deliver goods in record time," said Gazeley UK managing director Alex Verbeek. "London is at the forefront of the digital revolution, but these services require an equally innovative supply chain to facilitate it.”

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