Morrison & Foerster is advising Global Logistic Properties Limited (GLP), provider of modern logistics facilities in China, Japan and Brazil, in its landmark agreement with a group of strategic partners, as detailed in its press release. The transaction, valued at US$2.5 billion, is expected to substantially strengthen and further develop GLP's logistics network in China.
Morrison & Foerster is advising Global Logistic Properties in the transaction with a corporate team led by Singapore corporate partner Eric Piesner and Hong Kong corporate partner Marcia Ellis, together with Hong Kong corporate partner Jeremy Hunt; San Francisco tax partner Michelle Jewett; Tokyo corporate partner Leo Aguilar; Washington, D.C. finance partner Nicholas Spiliotes; Hong Kong litigation partner Timothy Blakely; Beijing corporate partner Sherry Yin; and Palo Alto corporate partners Suzanne Graeser and Mike Frank.
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. Mr. Piesner and Ms. Ellis represented an affiliate of GLP in the November 2013 formation of the world's largest China-focused logistics infrastructure fund.
Among the largest real estate-related transactions in China in the past several years, the formation of the GLP China logistics fund in 2013, together with this latest transaction, firmly establishes Morrison & Foerster as a market leader and destination firm for the largest and most complex real estate matters in China.