SINGAPORE—Morrison & Foerster has advised Global Logistic Properties Ltd., a leading provider of modern logistics facilities in China, Japan and Brazil, on the expansion of its 50/50 joint venture with Canada Pension Plan Investment Board to develop logistics properties in Japan.

Each entity has committed $138 million in additional equity, bringing the total venture size to $2.2 billion.

The Morrison & Foerster deal team was led by Singapore corporate partners Eric Piesner and Shirin Tang.  Morrison & Foerster also advised Global Logistics Property (GLP) on the establishment of GLP Japan Development Venture in 2011 and a first expansion of the venture in February 2013.

Morrison & Foerster is also representing GLP in the formation of its $1.1 billion Brazil partnership, GLP Brazil Income Partners II, with Canada Pension Plan Investment Board (“CPPIB”) and a leading North American institutional investor, and earlier this year, the firm represented GLP in the acquisition of the portfolio of assets being injected into GLP BIP II. The firm also represented an affiliate of GLP in the formation of the world's largest China-focused logistics infrastructure fund; represented GLP in its $1.6 billion joint venture with China Investment Corporation for the acquisition of 15 logistics properties in Japan; and represented GLP in its $1.4 billion joint ventures with CPPIB, China Investment Corporation, and the Government of Singapore Investment Corporation for the acquisition of 40 logistics properties in Brazil.

Morrison & Foerster opened its Singapore office, the firm's fifth in Asia, early last year to support clients' deepening commitments to South and Southeast Asia. Since that opening, the firm has worked on a number of major cross-border transactions originating in Singapore. In addition, Morrison & Foerster has the leading real estate practice in Asia with over 25 full time dedicated real estate attorneys resident across our five Asian offices.