Japan Development Fund
Japan Development Fund is a 50/50 joint venture between Canadian Pension Plan Investment Board (“CPPIB”) and Global Logistic Properties (“GLP”). Established in September 2011, Japan Development Fund develops institutional quality, modern logistics facilities. It is GLP’s exclusive vehicle for logistics development in Japan under the long-term strategic partnership between CPPIB and GLP.
The Japan Development Fund will focus on building multi-tenant and build-to-suit facilities mainly in the greater Tokyo and Osaka areas in Japan. An attractive site in Tokyo has been identified as the first potential development for the Fund.
GLP Misato III, a 93,831 sqm multi-tenant development located in Greater Tokyo will begin construction in April 2012.
GLP Misato III is a next-generation logistics facility with advanced features such as back-up power supply and the Pile Cap seismic isolation construction method1, designed to ensure customers’ business continuity during disasters. In addition, as part of its sustainability initiatives, GLP is expecting to obtain LEED GOLD accreditation for the first time in Japan.
1. Patent Pending
