SINGAPORE—Morrison & Foerster has advisedGlobal Logistic Properties Ltd., a leadingprovider of modern logistics facilities in China, Japan and Brazil,on the expansion of its 50/50 joint venture with CanadaPension Plan Investment Board to develop logisticsproperties in Japan.


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


The Morrison & Foerster deal team was led by Singaporecorporate partners Eric Piesner and ShirinTang. Morrison & Foerster also advised GlobalLogistics Property (GLP) on the establishment of GLP JapanDevelopment Venture in 2011 and a first expansion of theventure in February 2013.


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


Morrison & Foerster opened its Singapore office, the firm'sfifth in Asia, early last year to support clients' deepeningcommitments to South and Southeast Asia. Since that opening, thefirm has worked on a number of major cross-border transactionsoriginating in Singapore. In addition, Morrison & Foerster hasthe leading real estate practice in Asia with over 25 fulltime dedicated real estate attorneysresident across our five Asian offices.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.