Global Logistic Properties: Deepening Strategic Cooperation

Chongqing Municipal State-owned Assets Supervision and Administration Commission (SASAC) issued a news release that Chongqing released a total investment of more than 15.5 billion U.S. dollars in 37 state-owned enterprises in foreign cooperation projects, and launched the "foreign capital to participate in the high-quality development of Chongqing's state-owned enterprises project" trading platform zone to help open up the construction of the leading inland international cooperation zone, and further expand the high level of opening up.
The 37 foreign cooperation projects of SOEs released this time cover a variety of fields such as R&D and manufacturing of new materials, revitalization and operation of commercial assets, and innovative operation of financial capital.
The projects have high technological content, with strong driving ability and good development prospect. In particular, GLP China Holdings Limited entered into a strategic cooperation with Chongqing State-owned Assets Supervision and Administration Commission (SASAC).
Mr. Dongfang Hao, Chief Strategy Officer of GLP China, said that the two sides will give full play to their respective strengths and explore the joint establishment of a foreign investment mother fund, so as to promote the formation of a positive interaction between state-owned enterprises and foreign investment in the form of capital, finance, technology and the real economy in a market-oriented manner. GLP has invested in various fields in Chongqing, including logistics, big data and finance, and currently has 16 logistics parks and 4 data centers in Chongqing, with a total investment of more than 19 billion yuan.
Chongqing Municipality and Global Logistic Properties China Holdings Limited signed a framework agreement to deepen strategic cooperation. According to the agreement, the two sides will deepen strategic cooperation in the fields of new energy industry, modern productive service industry, asset management, etc., and promote the deepening of the China-Singapore Connectivity Project.
The partnership with GLP will further enhance Chongqing's presence in the integrated logistics services and new energy sectors, and this cooperation will help promote Chongqing's economic development, create new sources of power, and drive high-quality development.
At the same time, GLP Group is investing in the development and management of a large number of industrial infrastructures in China, with a large scale of assets under management, and this cooperation will provide more opportunities for GLP's development in the Chongqing market.

GLP Park Bishan Chongqing

GLP Park Dazu Chongqing

GLP Park Liangjiang Chongqing

GLP Park Chongqing

GLP Park Chongqing Airport

Chinese Article and Photos Source: GLP Group

About GLP
Global Logistic Properties (GLP) invests in, develops, manages and operates more than 450 logistics, warehousing, manufacturing and R&D infrastructure facilities in 70 regional markets in China; with a data center IT load of more than 1,400 megawatts (MW); and a new energy development scale of more than 1 gigawatt (GW).GLP China has approximately US$78 billion in assets under management.GLP Capital GCP has raised and operated more than 30 private real estate and equity funds dedicated to investing in China, both domestically and internationally.GLP REIT is one of the first infrastructure public REITs in China to have both an initial offering and an extended offering.