GLP raises £3.1bn for Gazeley investment funds

Magna Park Kassel, Germany

Global Logistics Portfolio (GLP) has raised £3.1bn at the close of the two funds it established having acquired logistics development company Gazeley from Brookfield last year for $2.8bn.

GLP Europe Income Partners I and GLP Europe Development Partners I were established in December 2017 in conjunction with the completion of GLP’s acquisition of Gazeley and have attracted investment from a range of sovereign wealth funds, pension plans, property and insurance companies from North America, Asia, Europe and the Middle East. These included Oxford Properties, Tesco Pension Investment and the Korea Fire Officials Credit Union.

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