GLP J-REIT Raises US$532 Million from Global Offering, Makes Largest Acquisition Since IPO

GLP J-REIT is one of the largest logistics J-REITs with a US$7.1 Billion AUM portfolio

GLP today announced that on 7 December 2020, GLP Japan Real Estate Investment Trust (“GLP J-REIT”) (TSE: 3281) completed a global offering of newly issued investment units, raising JPY 55.6 billion (offer price based, approximately US$532 million) to acquire seven modern,well-located logistic sassets in the Tokyo metropolitan area and the Greater Osaka area. The diversified portfolio of assets has a total leasable area of approximately 328,000 sq m (approximately 3.5 million sq ft) and an occupancy rate of 100 percent. The acquisition was completed on 11 December 2020.

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