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GLP J-REIT completes ¥77B buy Japanese assets

GLP J-REIT competed its acquisition of six Japanese properties for roughly ¥77.06 billion March 1.

The properties include the GLP Soja I and GLP Soja II logistics facilities in Soja, Okayama, both five stories high, purchased for ¥12.80 billion and ¥12.70 billion from Soja Logistics Special Purpose Co. and Soja Two Logistics Special Purpose Co., respectively.

The company paid ¥7.44 billion for the GLP Urayasu property in Urayasu, Chiba; about ¥7.79 billion for GLP Funabashi II in Funabashi, Chiba; about ¥16.94 billion for GLP Misato in Misato, Saitama; and ¥19.39 billion for the GLP Maishima I property in Osaka.

As of Feb. 28, US$1 was equivalent to ¥106.72.