LONDON (December 22, 2017) – Morrison & Foerster, a leading global law firm, is advising Global Logistic Properties Limited (GLP), the leading global provider of modern logistics facilities, in connection with the formation of two new European funds which increase the size of GLP’s fund management platform by US$4 billion (€3.4 billion) to US$43 billion. These funds were formed in conjunction with GLP’s acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.
The first fund, GLP Europe Income Partners I, comprises a US$2 billion portfolio of Gazeley’s operating assets across the key European markets of the UK, Germany, France and the Netherlands. The second fund, GLP Europe Development Partners I (“GLP EDP I”), is a development venture expected to reach US$2 billion (€1.7 billion) when fully leveraged and invested. GLP EDP I is seeded with land to support 16 million square feet (1.4 million square metres) of buildable area. For more information, see GLP’s press release.
The Morrison & Foerster team representing GLP is being led by US partner Ken Muller, UK partner Oliver Rochman and Singapore partner Shirin Tang. Also providing advice are UK partner Trevor James on tax matters, Berlin partner Andreas Grünwald on antitrust matters, Singapore partner Yemi Tépé on finance matters, and UK of counsel Annabel Gillham on employment matters.
Morrison & Foerster has also represented GLP in numerous other transactions in its global expansion over recent years, including advising GLP or its affiliates in connection with the following: