GLP Establishes RMB10 Billion Hidden Hill Modern Logistics Private Equity Fund

• GLP continues its strategy to pioneer a technology-led logistics ecosystem
• RMB10 billion (US$1.6 billion) private equity fund is GLP's first fund investing beyond real estate

SHANGHAI, May 10, 2018 /PRNewswire/ -- GLP, the leading global provider of modern logistics facilities and technology-led solutions, has established its first fund investing beyond real estate. The RMB10 billion (US$1.6 billion^[1]) Hidden Hill Modern Logistics Private Equity Fund ("the Fund") is the only fund in China dedicated to investing in the logistics ecosystem and will be managed by Hidden Hill Capital, the private equity platform of GLP China. Investors in the Fund comprise long-term institutional investors and insurance companies including China Post Capital.

Logo - https://photos.prnasia.com/prnh/20180511/2129802-1LOGO

Ming Mei, Co-Founder and CEO of GLP, said: "The launch of Hidden Hill is a major milestone for GLP. The Fund will invest in adjacent growth sectors that complement GLP's real estate business, with a focus on companies employing technology to enhance efficiency in the logistics industry. We are excited to partner with like-minded investors, continuing our strategy of pioneering a smart logistics ecosystem that harnesses technology to enhance returns for our customers."

This transaction is in line with GLP's fund management strategy. GLP manages US$50 billion of assets and the Company is committed to expanding this platform through establishing new funds and further asset recycling.

^[1] Unless stated, all exchange rates are reported as 1 USD = RMB 6.37, the exchange rate as of 9 May 2018

About GLP (www.glprop.com)

GLP is the leading global provider of modern logistics facilities and technology-led solutions, with US$50 billion in assets under management across its real estate and private equity segments. The Company's real estate fund platform is one of the largest in the world, spanning 62 million square meters (667 million square feet) spread across eight countries globally. 

For further information, please contact:
Ambika Goel, CFA
SVP- Capital Markets and Investor Relations   
Tel: +65 6643 6372
Email: [email protected]

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," "intends," "foresees," "estimates," "projects,"  and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP's assumptions are correct.

SOURCE GLP

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