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GLP targets UK deals for upsized €4bn fund

GLP has doubled the assets under management target for its GLP Continental Europe Development Partners I fund to €4bn (£3.4bn) and is eyeing new deals in the UK.

GLP launched the fund in 2018 with Canada Pension Plan Investment Board and QuadReal Property Group, targeting €2bn in AUM.

The fund has so far focused on deals in Germany, France, Italy, Spain and the Netherlands. That geographic scope will now broaden to include the UK and eastern Europe.

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