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GLP secures Sagamihara site in Greater Tokyo
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Angela Tan
Published Tue, Dec 27, 2016 · 09:50 PM
Singapore
GLOBAL Logistic Properties (GLP) has secured a site in Sagamihara, Greater Tokyo, which it plans to develop over 655,000 square metres of gross floor area at a total investment cost of 133 billion yen (S$1.6 billion).
GLP expects to start the first phase of construction in 2020 following a sale-and-leaseback arrangement with the seller. It intends to undertake the project within its US$39 billion fund management platform.
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