Global Logistic Properties, the provider of modern logistics facilities, will sell five wholly-owned properties in Japan to GLP J-REIT for JPY38.1 billion ($424 million).
The properties comprise a total gross floor area of 2.2 million sf.
Following this transaction, GLP’s fund management platform will grow to US$27.4 billion.
The transaction is expected to be completed in September 2015.
GLP J-REIT, listed on the Tokyo Stock Exchange in December 2012, is a real estate investment trust focused on operating logistics properties in Japan.
GLP is the property and asset manager of the J-REIT.
GLP J-REIT has the right of first look on a further 20 properties worth US$1.8 billion wholly owned by GLP.
GLP closed 1 cent higher at $2.37 on Aug 6.
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The properties comprise a total gross floor area of 2.2 million sf.
Following this transaction, GLP’s fund management platform will grow to US$27.4 billion.
The transaction is expected to be completed in September 2015.
GLP J-REIT, listed on the Tokyo Stock Exchange in December 2012, is a real estate investment trust focused on operating logistics properties in Japan.
GLP is the property and asset manager of the J-REIT.
GLP J-REIT has the right of first look on a further 20 properties worth US$1.8 billion wholly owned by GLP.
GLP closed 1 cent higher at $2.37 on Aug 6.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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