GLP’s USD$9.1 Billion Japan Development Fund

Morrison & Foerster advised GLP Pte. Ltd. on the deal.

GLP Pte. Ltd. (GLP), a leading global investment manager and business builder in logistics, real estate, infrastructure, finance, and related technologies, announced the establishment of one of the largest ever Japan-focused private real estate funds.

GLP Japan Development Partners IV (JDP IV) has raised JPY311 billion (~USD$2.75 billion) to date and is expected to reach over JPY1 trillion (~USD$9.1 billion) of assets under management (AUM) when fully deployed.

With the establishment of GLP JDP IV, GLP manages over USD$30 billion AUM of logistics strategies in Japan across five private funds and a listed J-REIT. Morrison & Foerster also advised GLP on the formation and operations of GLP’s predecessor Japan funds, including GLP Japan Development Venture I and II, GLP Japan Development Partners III, GLP Japan Income Fund, and GLP J-REIT.

The Morrison & Foerster team advising GLP was led by Singapore partners Paul Davis (Picture) and Shirin Tang; Tokyo partner Junichi Kurokoshi; and Singapore associates Gillian Teo, Mark Tay, and Mark Hee. Other key team members include Tokyo associates Midori Kawahara and Yoshitaka Katayama, funds partner Jason Nelms, funds counsel Kate Sum and funds associates Sylvia Cheng and Conan Chen, tax partner Matthew Lau and tax associate Andrew Chin, finance partner Yemi Tepe and finance associates Reiko Saito and Elaine Zhou, antitrust partners Rony Gerrits and Tomohiko Kimura, Hong Kong senior consultant Stephen Birkett, and regulatory compliance counsel Aki Bayz. 

Involved fees earner: Panagiotis Bayz – Morrison & Foerster; Conan Chen – Morrison & Foerster; Sylvia Cheng – Morrison & Foerster; Andrew Chin – Morrison & Foerster; Paul Davis – Morrison & Foerster; Rony Gerrits – Morrison & Foerster; Mark Hee – Morrison & Foerster; Yoshitaka Katayama – Morrison & Foerster; Midori Kawahara – Morrison & Foerster; Tomohiko Kimura – Morrison & Foerster; Junichi Kurokoshi – Morrison & Foerster; Matthew Lau – Morrison & Foerster; Jason Nelms – Morrison & Foerster; Reiko Saito – Morrison & Foerster; Kate Sum – Morrison & Foerster; Shirin Tang – Morrison & Foerster; Mark Tay – Morrison & Foerster; Gillian Teo – Morrison & Foerster; Yemi Tépé – Morrison & Foerster; Elaine Zhou – Morrison & Foerster;

Law Firms: Morrison & Foerster;

Clients: GLP Pte. Ltd.;

Author: Martina Bellini