DLA Piper, the world’s second- largest law firm, lost restructuring specialist H. Jeffrey Schwartz to Brown Rudnick, a midsize firm that specializes in servicing hedge, venture and private-equity funds.
Global Logistic Properties Ltd., the overseas logistics unit of the Government of Singapore Investment Corp., said it aims to raise rents in Japan because of a shortage of newer storage and distribution facilities.
Global Logistic Properties Ltd., the overseas logistics unit of the Government of Singapore Investment Corp., said it formed a joint venture with the Canada Pension Plan Investment Board to invest in warehouses in Japan.
Global Logistic Properties Ltd., a unit of the Government of Singapore Investment Corp., and China Investment Corp. agreed to buy 15 Japanese warehouses for 122.6 billion yen ($1.6 billion) as demand for modern storage is rebounding after the March earthquake.
Prologis , the world’s largest warehouse owner, plans to double its Asia holdings while scaling back growth in North America and Europe after completing the biggest merger of U.S. real estate investment trusts.
When Prologis Inc. built Japan’s first logistics center in 2002 for inventory management, storage and distribution, potential clients and lenders told the company to invest in malls or apartments instead.