Davis Polk is advising China Vanke Co. in connection with its participation in a consortium to acquire all of the equity interests of Global Logistic Properties Ltd. (GLP) for approximately $11.6 billion. The closing of the transaction is subject to customary regulatory and shareholder approvals.

GLP and its subsidiaries own, manage and develop logistics facilities, including a portfolio of 55 million square meters of modern logistics facilities in China, Japan, the United States and Brazil, and GLP is also one of the world’s largest real estate fund managers, with assets under management of approximately $39 billion. GLP is listed on the Mainboard of the Singapore Exchange.

China Vanke Co. is a real estate company that develops residential properties, as well as other retail and industrial properties for urban auxiliary purposes. Vanke offers property services in 65 large and medium-sized Chinese cities with a total of over 1,800 service projects, more than 356 million square meters of contractual area and 10.75 million users served. Vanke is dual-listed on the Shenzhen and Hong Kong Stock Exchanges.

The Davis Polk corporate team includes partners Paul Chow and Li He, counsel Lijun (Annie) Yan and Yang Chu and associates Kai Sun and Mo Zhou. Members of the Davis Polk team are based in the Beijing and Hong Kong offices.

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