Categorized | Singapore Trading News

GLP Limited MCO.SI announces development of logistic facility in Japan

Global Logistics Properties (GLP)MCO.SI 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.

Leave a Reply

 

Symbol Bid Ask Spread
EURUSD 1.17530 1.17550 2
GBPUSD 1.28740 1.28770 3
USDCAD 1.25700 1.25730 3
USDJPY 109.280 109.300 2
USDCHF 0.96490 0.96520 3
AUDUSD 0.79320 0.79350 3
NZDUSD 0.73160 0.73210 5
EURGBP 0.91270 0.91300 3
EURCHF 1.13420 1.13450 3
EURJPY 128.450 128.480 3
AUDJPY 86.680 86.730 5
GBPJPY 140.700 140.760 6
XAUUSD 1287.62 1288.02 40
XAGUSD 17.026 17.039 1.3