GLP J-Reit hopes three's a charm

Tokyo-listed GLP J-Reit, a Japanese investment trust, is aiming for its third follow-on offering to fund the purchase of five logistics properties from its sponsor.

GLP J-Reit hopes three's a charm

Japanese real estate investment trust GLP J-Reit is proceeding with its third follow-on offering since its debut in December 2012, sustaining an aggressive strategy of acquiring logistics assets from both its sponsor, Global Logistics Properties, and third parties in Japan.

The second-largest logistics Reit in Japan by market capitalisation said Monday it plans to issue 189,652 new investment units at an offer price to be determined between August 19 and August 25. There is a...

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