Real estate giant names new co-president of Chinese logistics and industrial property
Leading global real estate and private equity fund manager, GLP, has announced a major people move in its China operations.
Tim Wang will join as co-president of logistics and industrial real estate in China, alongside co-president Angela Zhao.
GLP said Wang’s focus will be “on the growth and strategy of the business which will include collaborations with strategic partners.”
Prior to joining GLP, Tim was senior managing director at Blackstone Group Inc and worked in the real estate principal investment group of Merrill Lynch in China.
Ming Mei, co-founder and CEO of GLP said, “As GLP continues to strengthen its logistics business we are invested in growing our team and attracting people with a diverse set of experiences and market knowledge. Tim will make a tremendous addition to the team.”
Victor Mok, the former co-president of logistics and industrial real estate in China, will continue in his role as chairman and CEO of the company’s Asset Service Platform (ASP). ASP is a business within GLP that focuses on creating value through all stages of an assets life-cycle, from project planning and design to the integration of facility services and technology using IoT, AI, robotics and big data to improve operational efficiency and service levels for customers.
ASP currently manages over 300 logistics and industrial parks, serving over 1,600 customers in China.
GLP has over US$100 billion in assets under management in real estate and private equity spanning Brazil, China, Europe, India, Japan, the U.S. and Vietnam.