Global Logistic Properties Ltd (GLP) on Tuesday announced a group of Chinese state-owned enterprises and financial institutions will invest up to $2.5 billion in the company. Law firms Weil Gotshal & Manges, Morrison & Foerster, Stamford Law and Allen & Gledhill advised on this landmark deal.

GLP is a provider of logistics facilities in China, Japan and Brazil. The investment from the group of Chinese investors, consisted of a large Chinese insurance company, of Bank of China’s wholly owned subsidiary Bank of China Group Investment Ltd, and HOPU Funds will mainly fund GLP’s wholly owned Chinese subsidiary, with only $163 million in the parent company.

Weil Gotshal & Manges was the leading counsel on the deal, advising the consortium of the Chinese investors. The Weil team included partners Li Li, Steven Xiang, Anthony Wang and counsel Wenfeng Li.

Morrison & Foerster represented GLP. Stamford Law acted as the Singapore counsel for the investor consortium, and Allen & Gledhill provided Singapore counsel for GLP.

The transaction is subject to regulatory and shareholder approval.

Liu Zhen is senior China journalist at ALB. Follow us on Twitter: @ALB_Magazine.