GLP J-REIT (JP:3281) has released an update.
GLP J-REIT, managed by GLP Japan Advisors Inc., has decided to sell a logistics real estate asset with an expected gain of 594 million yen. The sale proceeds will be used to distribute dividends to GLP J-REIT unitholders and to retain cash for future strategic investments, including property acquisitions and share buybacks. The decision aligns with the company’s strategy to enhance portfolio quality and unitholder value in a robust logistics real estate market.
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