GLP J-REIT, the Japanese real estate investment fund GLP (J-REIT), raised 28 billion yen (214 million euros) to finance the acquisition of four logistics assets in Tokyo and Osaka.
GLP said this was the first fast-track global public offering among the J-REITs, which generated strong interest from high-profile Japanese and international investors.
Yoshiyuki Miura, President of GLP J-REIT, said, “Over the past 12 months, we have successfully completed three public offerings and achieved the highest external growth among logistics J-REITs.”
Miura said the vehicle will continue to draw on GLP’s expertise in the development and operation of logistics real estate and will lead the J-REIT market in innovative initiatives.
Four objects with a total leasable area of about 161,982 sq. M. Fully busy.
Currently, the trust has invested a total of 788 billion yen in the acquisition of assets.
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