GLP, the leading global provider of modern logistics facilities, will sell five wholly-owned properties in Japan to GLP J-REIT. The sale price of JPY38.1 billion (US$306 million) is in line with the properties’ fair market value as of 30 June 2015.
GLP To Acquire US$4.55 Billion US Logistics Portfolio
GLP has entered into a definitive agreement to acquire a US$4.55 billion2 US logistics portfolio from Industrial Income Trust (“IIT”). GLP intends to inject the portfolio into its fund management platform.
