GLP prices $1.3 billion Japan Reit IPO

GLP J-Reit, with an initial portfolio of 30 logistics facilities in Japan, will be the second biggest offering in the country this year when it starts trading on December 21.

GLP prices $1.3 billion Japan Reit IPO

The Japanese real estate investment trust of Singapore-listed Global Logistic Properties GLP, an owner of logistics properties, is set to raise 105.7 billion $1.28 billion from its initial public offering after fixing the price at the top of the indicative range.

GLP J-Reit’s initial portfolio comprises 30 logistics facilities in Japan most in Tokyo and Osaka valued at $2.6 billion, with an option to buy three additional assets during the next few years.

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