GLP J-REIT agreed to acquire 30 Japanese logistic facilities from Global Logistic Properties Limited (SGX:MC0) for approximately ¥210 billion in cash on November 1, 2012. GLP J-REIT entered into sale and purchase agreements to acquire 30 Japanese logistic facilities from Global Logistic Properties Limited on November 13, 2012. The consideration will be satisfied from loans from the real estate investment trust's lenders. GLP J-REIT will also have an option exercisable for three years to acquire three more of Global Logistic Properties' Japanese warehouses for up to ¥12.6 billion and will be granted a "right of first look" over the remaining 38 properties for a period of 10 years.

As at June 30, 2012, book value of 30 Japanese logistic facilities is ¥208.38 billion. The transaction is subject to entering into definitive sale and purchase agreements, approval of shareholders of Global Logistic Properties and obtaining debt financing from commercial banks. The Board of Global Logistic Properties recommends that shareholders vote in favour of the deal. At the extraordinary general meeting of Global Logistic Properties held on December 3, 2012, the transaction was approved by shareholders of Global Logistic Properties. The net proceeds of ¥100 billion from the disposal will be used for investment in China and Japan and for the subscription of the units in the J-REIT. CBRE Pte. Ltd acted as the independent valuer in the transaction. Boardroom Corporate & Advisory Services Pte. Ltd acted as registrar and The Central Depository (Pte) Limited acted as depository bank to Global Logistic Properties.

GLP J-REIT competed the acquisition of 30 Japanese logistic facilities from Global Logistic Properties Limited (SGX:MC0) on January 4, 2013.