Business Daily Media

Men's Weekly

.

GLP C-REIT makes history with $260 million follow-on offering on Shanghai Stock Exchange

Offering was supported by 16 domestic institutional investors and represents an important step towards greater securitization of the China real estate sector

SHANGHAI, CHINA & SINGAPORE - Media OutReach - 19 June 2023 - GLP C-REIT (SSE: 508056) has completed a landmark follow-on equity offering of RMB 1.85 billion (~$260 million) and the new shares have started trading on the Shanghai Stock Exchange (SSE).

The placement was supported by 16 leading domestic institutions including asset management firms, securities companies, and insurance companies.


GLP C-REIT is the first logistics warehousing onshore REIT to be listed on SSE and one of the first non state-sponsored C-REITs to participate in the growth of China's publicly traded REIT program. In addition to being chosen as part of the inaugural listing batch in June 2021, GLP C-REIT demonstrated its growth potential by successfully completing a secondary offering in June 2023, a distinction shared by only three other C-REITs.

"This announcement marks an important first for us and the market overall. Logistics remains one of the pillar industries to support economic growth in China and we are honoured to contribute to the establishment of a significant instrument for real estate securitization which supports long-term growth of the market. As the C-REIT market continues to grow in size and liquidity, we are in a strong position to accelerate our asset monetization strategy and grow our AUM," said Teresa Zhuge, Executive Vice Chairman and President, China at GLP Capital Partners Limited.


Proceeds of the secondary offering will be used to acquire three logistics facilities – GLP Park Qingdao Qianwan Port, GLP Park Jiangmen Heshan and GLP Chongqing Urban Distribution Logistics Centre, expanding GLP C-REIT's portfolio to comprise 10 modern logistics assets with net leasable area of 1.16 million square meters and total installed solar capacity of 32.4 MW. The assets are located in core logistics markets of Greater Beijing, Yangtze River Delta region, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing Economic Circle. The average occupancy rate of the portfolio was 91.55% as of December 2022 and is leased to customers in biomedicine, manufacturing, third-party logistics services and e-commerce industries.

Hashtag: #GLP #logistics #realestate #fundraising #GCP


The issuer is solely responsible for the content of this announcement.

GLP Capital Partners

GLP Capital Partners ("GCP") is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity. With $125 billion in total assets under management across 54 funds as of 31 March 2023, GCP has a strong history of leadership in high-growth Asian markets and a track record of success at scale in the US, Europe and Brazil. GCP is the exclusive investment and asset manager of GLP Pte Ltd. To learn more about GCP, visit .

News from Asia

Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025

Crowned prestigious “International Insurance Company of the Year – Excellence Award” and “MPF Provider of the Year (Investment Sector) – Excellence Award” for the first time HONG KONG SAR - Media ...

Enjoy ‘A Summer More Colorful at Galaxy Macau’ with Playful Parties, Thrilling Live Shows, and more!

A summer of outstanding entertainment awaits at the award-winning integrated resort, from vibrant poolside attractions to unmissable world-class concerts MACAU SAR - Media OutReach Newswire – 24 J...

Key Findings from the "Hong Kong Vitiligo Patients and Caregivers Survey" Released for "World Vitiligo Day"

Patients Demonstrate Significant Knowledge Gaps in Treatment Options, Leading to Lost Hope and Treatment Discontinuation Over 70% of Vitiligo Patients Desire Skin Repigmentation; New Topical Ther...

Linyi to explore business opportunities at RCEP expo

LINYI, CHINA - Media OutReach Newswire - 24 June 2025 - The 4th RCEP (Shandong) Import Expo will be held in Linyi, Shandong, from June 27 to 29. This year's event focuses on high-quality imported ...

The 3rd Wave Music Awards Conclude Successfully in Beijing, Highlighting Quality Creation and Revealing 35 Honors

BEIJING, CHINA - Media OutReach Newswire - 24 June 2025 - On June 19, the 3rd Wave Music Awards – Honor Ceremony concluded splendidly at the Beijing Performing Arts Center. Initiated by the Wave M...

Hong Kong Genome Institute and Global Leaders Co-organise Landmark Healthcare Event "International Genomic Medicine Symposium"

Convening Experts to Promote Hong Kong and Advance Medical Innovation HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - Genomic medicine is one of the most promising fields in today's healt...

The Tourism Authority of Thailand (TAT) Launches ‘Be My Guest’ Campaign to Spotlight Thai Soft Power on Global Stage

Running from 26 June to 1 July, the campaign features two key initiatives—Soft Power Fam Trip and Rhythm of Thailand—uniting global creators to spotlight Thai culture, creativity, and sustainable t...

Wildberries Expands Educational Platform for Marketplace Sellers

MOSCOW, RUSSIA – Media OutReach Newswire – 25 June 2025 – Wildberries, a leading e-commerce operator in Eurasia, is actively expanding its free educational platform that empowers small and medium ...

Porsche Design Tower Bangkok Offers a Culinary Voyage into Iconic Living

STUTTGART, GERMANY / HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - Porsche Design Tower Bangkok hosted an exclusive dinner event in a private estate villa in Hong Kong, offering esteeme...

So Drama! Entertainment and FLY Entertainment Announce Strategic Partnership

SINGAPORE - Media OutReach Newswire - 25 June 2025 - So Drama! Entertainment (So Drama!) and FLY Entertainment (FLY) have entered a strategic partnership to elevate media and entertainment...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Tackling the skills shortage — why L&D is failing and what to do about it

The Australian economy is in a tough spot right now, and a huge part of the problem is a massive skills shortage. Late last year, businesses were st...

How reducing revenue leakage could help your business stay in the black in FY2026

It’s time to stop legacy revenue management platforms and processes draining your profitability. Is boosting the bottom line an overarching goal ...

Technical Debt Stifling Path to AI Adoption for Global Enterprises

Outdated legacy technologies costing organisations the ability to innovate, money, time and potentially, even customers Technical debt and an ov...

Sell by LayBy