GLP

GLP: To start construction of GLP Atsugi a 109.5k sqm large-scale multi-tenant logistics facility in Nov 2012 and is expected to be completed in Dec 2013 with total dev cost estimated at US$169m. This is the 3rd dev of 50/50 JV Japan Dev Fund with Canada Pension Plan launched in Sep 2011 and its 1st and 2nd flrs of NLA of abt 30k sqm has alr been pre-leased out to an existing customer of GLP. This project is the sixth asset under mgmt for GLP in Kanagawa.