Singapore
Morrison & Foerster is advising Singapore’s Global Logistic Properties Ltd. on its proposed $1.4 billion acquisition of logistics facilities in Brazil. GLP is purchasing 34 warehouses, totaling 13 million square feet and located mainly in Rio de Janeiro and São Paulo, from commercial real estate group BR Properties SA. The deal, which is subject to due diligence as well as regulatory and GLP board approval, is expected to close by Aug. 31. Singapore partner Eric Piesner is acting for GLP. KLA-Koury Lopes Advogados is serving as Brazilian counsel. Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados is representing BR Properties. [Read full story]
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