20 August 2014
Clifford Chance advises PGGM on co-investment with The Redwood Group
Clifford Chance Amsterdam advised PGGM on its USD 100 million co-investment with The Redwood Group, the Singapore-based logistics fund manager and Asia logistics partner of Equity International, into Redwood’s logistics real estate strategy in Japan.
The additional capital commitment will be co-invested with Redwood’s Japan Logistics Fund into two centrally located Tokyo logistics projects intended for completion in 2015 and 2016. This brings PGGM’s capital commitment with Redwood Japan Logistics real estate to over USD 230 million.
PGGM provides services in the field of pension management, integral asset management and executive advice to pension funds, affiliated employers and their employees. Currently, PGGM manages pension assets worth approximately EUR 167 billion for different pension funds.
The Clifford Chance team was led by Quirine Eenhorst and included Marierose Kouwenberg, Pascal Borsjé and Matthew Standen (all Amsterdam). For the legal due diligence on the properties Eiichi Kanda and Yoko Kumegawa (all Tokyo) were involved.