GLP J-REIT acquires stakes in four properties for USD360 million


GLP J-REIT is acquiring stakes in four logistics properties from its sponsor and parent, Global Logistics Properties (GLP).

The REIT, which specialises in logistics properties, currently has a portfolio of 75 properties on Japan’s main Honshu island.

The four additions to the REIT's portfolio are being acquired for a total consideration of JPY38,373 million (USD360 million).

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