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Global Logistic Properties | Buy
April 4 close: S$1.985
Target price: S$2.68

OCBC Investment Research, April 4

Global Logistic Properties (GLP) recently announced that it has signed a 15,000 square metre (161,000 square feet) lease with Akachan House at GLP Narita in Greater Tokyo. Akachan House, a leading e-commerce retailer for baby products in Japan, will be consolidating its multiple operations in Greater Tokyo into GLP Narita, which will be used as a hub to support its same-day distribution needs...

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