Meifu Assists GLP To Establish A US$675 Million China Value-added Real Estate Fund.
Legal News & Analysis - Asia Pacific - China - Construction & Real Estate
7 January 2021
Recently, the multinational business team of Meifu Law Firm acted as the international legal counsel of GLP Pte. Ltd. and assisted it in the establishment of GLP China Income Appreciation Phase III Fund (hereinafter referred to as the "Phase III Fund"). As a long-term client of the firm, GLP is a leading global investment management company and business builder in the fields of logistics, real estate, infrastructure, finance and related technologies. The newly established fund adopts a parallel fund structure and is jointly established by GLP and leading international and domestic institutional investors.
As stated in GLP's press release , the total investment of the third phase of the fund is 4.5 billion yuan (approximately US$675 million), and will invest in modern logistics facilities located in Shanghai GLP Lingang International Logistics Park. The logistics park is the largest and most advanced port logistics park in China. The newly established Phase III fund is the third China-focused income appreciation fund established by GLP. It aims to obtain long-term stable returns through investment in superiorly located and well-designed high-quality logistics facilities.
The Meifu team that provides legal services to GLP is led by Singapore partners Shirin Tang, Lip Kian Ang, and Singapore lawyer Gillian Teo. Other key team members include: Hong Kong partners Serena Tan (Serena Tan), Liu Enan (Matthew Lau) and Hong Kong lawyers Joanna Wang and Chen Zhengning (Andrew Chin).
The acclaimed Asian real estate team of Meifu has more than 40 real estate lawyers with extensive experience in handling all stages of the real estate cycle and all types of real estate assets. Our clients include real estate private equity companies, investment management companies, sovereign wealth funds, development companies and real estate investment trusts that invest in real estate assets. Since 2016, Meifu has provided legal services for more than 100 major real estate transactions in Asia, with a total transaction value of more than US$200 billion. Despite the impact of the new crown pneumonia epidemic, we continue to assist the world's leading real estate companies in various key areas, including initial investments in data centers in India, China, and Indonesia, and logistics asset investments in Asia.
Lip Kian Ang, Partner, Morrison Foerster