GLP sells eight Japanese properties to REIT

/ EdgeProp |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
GLP, a global provider of modern logistics facilities, has continued its capital recycling strategy with the sale of eight Japanese properties to GLP J-REIT for JPY84.9 billion ($1.05 billion). This will allow GLP to embark on new projects without any new capital being raised through debt. GLP is the property and asset manager of Japanese-listed GLP J-REIT.
The properties comprise seven wholly-owned GLP properties, and one from GLP Japan Development Venture II. They have a total gross floor area of 3.95 million sq ft. The sale is expected to be completed in Sept this year.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More