The firm also signed lease agreements for 24.3 million square-meter of space across its global portfolio. “The company believes it is well-positioned to tap into this market by leveraging its asset and fund management expertise, ability to acquire land for development and experience in the construction of high-quality, modern warehouses to build a competitive global digital infrastructure business of over 2,500 MW of IT capacity,” the firm said. In a statement, GLP said its global assets under management also surpassed $120 billion as of December 2021, while its new developments hit $7.9 billion, up 50% year-on-year. In digital infrastructure, a key growth engine for the firm, GLP said it has secured prime data centre campus sites across Japan and Europe to capitalise on growth opportunities in the digital infrastructure industry. In private equity, GLP said it has invested more than $3 billion in at least 100 technology-related PE companies globally, including US real estate technology firm VTS and e-commerce fulfillment technology firms Delivery and Yimiddaa.