GLP to start development of logistics facilities in Saitama Prefecture

GLOBAL Logistics Properties (GLP) will start development of two multi-tenant logistics facilities in Greater Tokyo.

GLP Sayama Hidaka I and II, expected to be completed in December 2015 and May 2016 respectively, have a total development cost estimated at 18.7 billion yen (S$227 million), the company said yesterday.

The two facilities will be located in Saitama Prefecture, Greater Tokyo, and have a combined gross floor area of about 127,000 square metres.