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

GLP J-REIT disclosed on 30 May that it has taken on JPY25.5 billion in fresh unsecured loans with three financial institutions to partially fund a recently announced acquisition.

The REIT first announced on 15 May that it is acquiring four GLP assets for a total consideration of JPY58.2 billion.

The assets are namely GLP Soja III, GLP ALFALINK Sagamihara 4, GLP Fukuoka Kasuya, and GLP Okinawa Urasoe.

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By Shariffa Al-Habshee

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