Monday, March 19, 2012

GLP to develop large-scale logistics facility in Japan

SINGAPORE: Global Logistics Properties (GLP) announced on Monday that it will develop a large-scale multi-tenant logistics facility in Ichikawa City, Chiba prefecture (Greater Tokyo), Japan.


In a statement released on Monday, GLP said that it has formed a 50:50 joint venture with Mitsui Fudosan to undertake the project.


The development will have a gross floor area of 121,000 sqm built on a land site of 53,000 sqm and is scheduled to be completed by September 2013.


GLP did not disclose the development costs.


It did, however, said that the project will be constructed using its patented "GLP Pile Cap anti-seismic construction method", which is a construction method for building earthquake resistant logistic facilities.


- CNA/fa


View the original article here


Source Form Channel News Asia

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