GLP J-Reit has 30 logistic properties in Tokyo and Osaka
The Japanese real estate investment trust of Singapore-listed Global Logistic Properties GLP raised Y34.5 billion $334 million in a follow-on offering on Wednesday.
GLP J-Reit, which has a portfolio of 30 logistics facilities in Japan, mostly in Tokyo and Osaka, sold 168,493 units in an international tranche and 124,538 to Japanese investors, according to a term sheet. All of the units on offer were primary.
Demand from both tranches allowed the issuer...