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Singapore-headquartered GLP eyes 50% rent surge as China demand fuels logistics growth (www.scmp.com)

submitted 2 weeks ago by rss@news.abolish.capital to c/china@news.abolish.capital

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GLP, a global operator and investor in logistics, digital infrastructure, renewable energy and finance, is deepening its commitment to China’s growth, projecting as much as a 50 per cent rise in logistics rental rates, supported by stronger domestic consumption and wider adoption of alternative energies. Angela Zhao, CEO of GLP China, said the country’s 15th five-year development plan for 2026 to 2030 would further cement the company’s role as a global thematic investor in “new economy”...

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