Ropes & Gray has advised QuadReal Property Group – a Canadian-headquartered real estate investment, development and management company – on the recent upsize and extension of the European logistics development platform, Continental Development Partners I (CDP I), sponsored by global logistics operator, GLP.
The upsize sees QuadReal make an equity commitment to CDP I of €800m and CDP I increase its projected AUM to €4bn. As well as GLP, as sponsor and manager, QuadReal is invested alongside Canada Pension Plan Investment Board (CPPIB) as a major investor, with a €900m equity commitment.
CDP I was established in 2018 to target logistics developments in Continental Europe, including Germany, France, Italy, Spain and the Netherlands. This extension sees the fund add high-quality logistics developments in the UK and Central and Eastern Europe to its investment targets.
The Ropes & Gray team – all members of which are based in London – was led by private equity real estate counsel Will Bryant, with tax counsel Chris Agnoli.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.