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GLP makes 4.9b yen development profit from Japan asset sale

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Published Thu, Jun 30, 2016 · 09:50 PM

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Singapore

GLOBAL Logistic Properties (GLP) will make a 4.9 billion yen (S$64.2 million) development profit, or a margin of 46 per cent, from the sale of an asset to GLP J-Reit.

The company said on Thursday that it was selling its 50 per cent share of GLP-MFLP Ichikawa Shiohama to the Reit for about 15.5 billion yen.

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