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GLP Continued Capital Recycling Strategy with Further Asset Sales

GLP Continued Capital Recycling Strategy with Further Asset Sales

GLP will sell four properties in Japan to GLP J­REIT for JPY42.7 billion (US$420 million). The sale price is 3% higher than latest appraisal values2 and equates to a weighted average cap rate of 4.8%.

Press Release

GLP To Commence Development of Modern Logistics Facility in Greater Osaka

GLP To Commence Development of Modern Logistics Facility in Greater Osaka

GLP will commence development of GLP Kobe Nishi II, a 71,000 sqm (764,000 sq ft) modern logistics property in Greater Osaka. The total development cost is estimated to be JPY10.5 billion (US$100 million).

Press Release

GLP Sells Greater Tokyo Logistics Development

GLP Sells Greater Tokyo Logistics Development

GLP today announced that it will sell its 50% share of GLP MFLP Ichikawa Shiohama to GLP J­REIT for approximately JPY15.5 billion (US$151 million) or a 4.5% cap rate.

Press Release

Media contact

For any media related query

Faye Kwan

VP, Global Communications

Media contact

For any media related query

Faye Kwan

VP, Global Communications