Singapore-headquartered GLP eyes 50% rent surge as China demand fuels logistics growth

South China Morning PostCenter-RightEN 2 min read 100% complete by Daniel RenMarch 19, 2026 at 10:00 AM

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Singapore-based GLP, a global logistics and infrastructure investor, anticipates a significant increase in China's logistics rental rates, projecting a 30-50% rise. This growth is fueled by stronger domestic consumption and the increasing adoption of alternative energy sources within the country. GLP China CEO Angela Zhao believes China's upcoming five-year plan will solidify the company's role in "new economy" industries like logistics, data centers, and renewable energy. GLP currently manages over 420 logistics and business parks across 70 Chinese cities, with 40 million square meters of property under management and 2.7 GW of renewable energy generating capacity. The company reportedly plans a Hong Kong IPO with a target valuation of approximately US$20 billion.

Key Entities & Roles

Key Player Opposition Context

South China Morning Post 40% Singapore 40% Hong Kong 50% 15th five-year development plan 60% Angela Zhao ×370% China ×380% GLP ×490%

Keywords

glp 100% logistics 90% china 80% rental rates 70% renewable energy 70% growth 60% property management 50% domestic consumption 50% data centers 50% initial public offering 40%