12 June, 2014

Baker & McKenzie recently advised APG Asset Management N.V. (“APG“), the Dutch pension fund asset manager, on its commitment of up to USD 650m for an approximately 20% stake and the creation of a strategic joint venture with Chinese warehousing developer and operator e-Shang, to develop and own institutional-grade, modern logistics real estate assets across China. This transaction represents one of the largest commitments to the Chinese logistics real estate sector.

The Baker & McKenzie team was led by partner Jason Ng.

Commenting on the deal, Jason Ng said, “We are delighted to have been able to assist APG on this transaction, which is one of the largest in the logistics real estate sector in China. The joint venture is well positioned to capitalize on the significant growth opportunities in the logistics and warehousing sector given the strong demand for third party logistics and warehousing generated by the growing e-commerce platforms in China.”

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