Global Logistic Properties and the Canada Pension Plan Investment Board (CPPIB) have set up a joint venture to develop and own logistics facilities. The duo will commit $250 million each of equity over a projected three-year investment period.

The Japan Development Fund is open-ended with a long-term investment horizon. The fund will aim to build multi-tenant and build-to-suit facilities primarily in the greater Tokyo and Osaka areas in Japan.

Click here for the release from Market Wire.