Asked about his philosophy of corporate governance, Global Logistic Properties (GLP) non-executive chairman Seek Ngee Huat brings up the Chinese philosophical concepts of yin and yang.
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).
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.