- News in Vietnam
- 26 January 2022
Vietnam has a billion USD logistics fund for the first time
GLP has just established GLP Vietnam Development Partners I (GLP VDP I) in Vietnam with a total investment value of 1.1 billion USD.
This is one of the most significant first logistics development funds in Southeast Asia. The fund receives commitment from diverse investors from pension funds, sovereign wealth funds, and insurance companies from Asia, Europe, North America, and the Middle East.
In which, APG Asset Management – a Dutch pension investment company and Manulife – a global financial services group are new investors.
This investment fund will focus on developing modern and environmentally friendly logistics facilities in the greater Hanoi and greater Ho Chi Minh City areas initiated with six projects with a total land area of nearly 900,000 m2 and many potential projects for future development.
GLP is the world’s leading investment and development manager in logistics, data infrastructure, renewable energy, and related technologies. The group currently manages a portfolio of assets totaling more than $120 billion in the real estate and private equity sectors.
GLP has entered the Vietnamese market since 2020 through a strategic partnership with SLP (SEA Logistic Partners) – an industrial and logistic facility development and operation platform.
According to Agility’s 2021 emerging market logistics index report, Vietnam is in the top 10 leading emerging logistics markets with an index of 5.67 and an expected compound annual growth rate (CAGR) of 7% during 2021- 2026.
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