GLP, CPPIB launch second Japan development venture fund
GLP and the Canada Pension Plan Investment Board have launched their second Japan development venture fund. GLP Japan Development Venture II, a 50:50 joint venture, has $873 million of equity commitments and is expected to reach $2 billion in over three years. GLP JDV II is expected to start construction of new developments in 2016. GLP JDV II is a follow-on venture to GLP Japan Development Venture I, which was launched in September 2011 and is 92 percent invested. M3 Capital Partners (HK) Limited was financial advisor to GLP.
17 February 2016•4 mins read
