GLP Establishes Long-Term Strategic Partnership with CIMC
GLP has signed a strategic cooperation framework agreement with China International Marine Containers, a leading China-domiciled company specializing in providing modern transportation equipment and services.
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%.
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).