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Global Logistic Properties Ltd Commences Development Of GLP Ayase

Thursday, 31 Jan 2013 04:16am EST 

Global Logistic Properties Ltd announced that it will commence development of GLP Ayase, a 68,400 square meter (736,000 square feet), multi-tenant logistics facility in Greater Tokyo. The total development cost is estimated to be JPY 9.4 billion (USD 110 million). GLP Ayase is the fourth development under GLP Japan Development Venture (Venture), a 50/50 joint venture between the Company and the Canada Pension Plan Investment Board that was formed in August 2011.