CPPIB to be lead backer of GLP Japan Development Partners III

GLP said Dec. 22 that its latest logistics real estate fund, GLP Japan Development Partners III, is expected to raise 625 billion Japanese yen (US$5.6 billion). Canada Pension Plan Investment Board will be the lead investor of GLP JDP III. The fund is a follow-on venture to GLP Japan Development Venture I and II, GLP’s first two Japan development vehicles in partnership with CPPIB. GLP, of Tokyo, provides modern logistics facilities.

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