November 14, 2012 / 8:47 AM / 5 years ago

Singapore's GLP gets approval for Tokyo listing of Japan trust

SINGAPORE, Nov 14 (Reuters) - Global Logistic Properties Ltd (GLP), one of the world’s largest warehouse operators, said it has obtained approval from the Tokyo Stock Exchange to list a real estate investment trust with Japanese assets on the bourse.

GLP said it expects to maintain a stake of around 15 percent in the Japan REIT upon completion of the initial public offering.

The Singapore-based warehouse operator plans to raise net cash proceeds of about $1.3 billion through the REIT, which could have properties worth up to a total of $2.7 billion. (Reporting by Charmian Kok; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below