GLP Kawajima, a property being acquired by GLP J-REIT. (Photo: GLP J-REIT)

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).

Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.