GLP J-REIT to Acquire Three Warehouses for 40.7 Billion Yen
MT Newswires Live
Jul 15
GLP J-REIT (TYO:3281) agreed to buy three warehouses in Ibaraki, Osaka, and Hiroshima for a total of 40.7 billion yen on Aug. 3, according to a Tokyo bourse filing.
The company said the acquisition of Marq Joso 2, ALFALINK Ibaraki 2, and Marq Hiroshima 2 will help it secure stable income in the medium to long term.
The REIT secured 41 billion yen in new borrowings from Sumitomo Mitsui Banking, MUFG Bank, and Mizuho Bank, bearing an interest rate of the base rate plus 0.170% with a one-year maturity to fund the transactions, according to a separate release.
The acquisition expands GLP J-REIT's portfolio to 94 properties, with total assets of approximately 909 billion yen.
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