GLP to develop logistics property in Osaka

MAINBOARD-LISTED GLP will develop a 27,000 square metre modern logistics property in Osaka at a development cost of around five billion yen (S$66.8 million).

Located some 14 kilometres from Osaka City Centre, GLP Neyagawa is a project under GLP Japan Development Venture II, which is a 50:50 joint venture between GLP and the Canada Pension Plan Investment Board.

The development, known as GLP Neyagawa, is slated for completion in Q1 FY19 (April to June 2018).