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.
<div style="text-align: left;"> GLP J-Reits 30 logistic properties are mostly in Tokyo and Osaka </div>
<div style="text-align: left;"> GLP J-Reits 30 logistic properties are mostly in Tokyo and Osaka </div>
December 13, 2012

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.

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