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Clifford Chance advises Hopu Investment Management as part of a US$2.5 billion investment in Global Logistic Properties

12 March 2014

Clifford Chance advises Hopu Investment Management as part of a US$2.5 billion investment in Global Logistic Properties

Beijing: Leading international law firm Clifford Chance has recently advised Hopu Investment Management, as part of a consortium, on a combined investment of up to US$2.5 billion in Global Logistic Properties (GLP), a Singapore-listed provider of logistics facilities in China, Japan and Brazil. GLP intends to use the majority of the proceeds to enhance access to strategic land holdings and customers, and further develop its network in China. This transaction is subject to regulatory and GLP shareholder approval.

Hopu is a private equity firm backed by some of China’s largest state-owned companies and institutional investors. Other consortium members include a large Chinese insurance company and Bank of China Group Investment Limited (100% subsidiary of Bank of China).

Corporate partner Ying White who led the transaction in Beijing commented, "To keep pace with the steadily rising commerce in China, modern logistics facilities are needed to improve efficiency and accommodate customer demands. We are pleased to assist Hopu on their investment in the growing China logistics sector."

The Clifford Chance China team comprised Corporate partner Ying White and associate Albert Fu in Beijing, Tax partner Avrohom Gelber, and associates Xenia J. Garofalo and Rebecca Pereira in New York, and Corporate senior counsel Teresa Leung in Hong Kong.