GLP, CPPIB establish $877m Japan joint venture
The Japanese arm of Singapore-listed warehouse operator Global Logistics Properties (GLP) and Canada Pension Plan Investment Board (CPPIB) have established a joint venture that will invest an initial JPY100 billion ($877 million) in local logistics projects.
The vehicle, GLP Japan Development Venture II (GLP JDV II), is expected to begin construction of new projects this year, according to a statement, and to reach $2 billion over the next three years. It...
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