GLP raises $334m in follow-on

Demand for GLP J-Reit, which has a portfolio of 30 logistics facilities in Tokyo and Osaka, allowed the issuer to price units at a 2% discount to August 18's closing price.
GLP J-Reit has 30 logistic properties in Tokyo and Osaka
GLP J-Reit has 30 logistic properties in Tokyo and Osaka
August 20, 2014

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.

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