GLP J-REIT Characteristics
High-Quality Property Management
GLP J-REIT will appoint GLP Capital Partners Japan Inc., a group company of GLP, as its property manager for all the properties acquired, and target to manage and increase revenues of the portfolio in mid to long term through the well-organized leasing and operations provided by GLP Group which has leading position in management and operation of logistics facilities.
Strong Customer Relationships
GLP Group strengthens its relationship with customers including leading 3PL operators by providing superior asset and property management services as well as global network solutions through close communication.
High Occupancy Rates and Stable Rent Levels
The occupancy rate of our portfolio has been kept at a high level, and rent levels have also been stable.
Occupancy Rates
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Offered Rent Levels
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- “GLP J-REIT” represents, for the period from Mar 2008 to Mar 2012, the average occupancy of, amongst 33 properties held by GLP J-REIT, those held by GLP Group as of Feb-end 2013 period (including properties that were indirectly owned by significant unitholders of GLP Limited as of Mar-end 2008 and were subsequently acquired by GLP Limited) and, for the period from Mar-end 2013 to Mar-end 2023, that for properties held by GLP J-REIT at each point in time.
- “GLP J-REIT” represents, for the period from Mar-end 2008 to the Mar-end 2012, the rent level of, amongst 33 properties held by GLP J-REIT, 23 properties continuously held by GLP Group from Mar-end 2008 onwards (including properties that were indirectly owned by significant shareholders of GLP Limited as of Mar-end 2008 and were subsequently acquired by GLP Limited) and, for the period from Mar-end 2013 to Mar-end 2023, that for 31 properties held by GLP Group as of Mar-end 2023 amongst 33 properties held by GLP J-REIT as of Feb-end 2013. For the period up until Mar-end 2013, a 100 point index as of Mar-end 2008 is used and, for the period from Mar-end 2013 onwards, a 101.9 point index is used.