Singapore: GLP to sell four Japanese logistics properties in $420m deal

Singapore: GLP to sell four Japanese logistics properties in $420m deal

Visual from company website.

Global Logistics Properties (GLP), a global provider of modern logistics facilities, will sell four properties in Japan to GLP J-REIT for JPY42.7 billion ($420 million). The sale price is 3 per cent higher than the latest appraisal values and equates to a weighted average cap rate of 4.8 per cent.

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