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GLP and China Investment Corporation Form Joint Venture to Acquire Modern Logistics Facilities in Japan
GLP and China Investment Corporation Form Joint Venture to Acquire Modern Logistics Facilities in Japan

GLP and China Investment Corporation ("CIC"), through their respective wholly-owned subsidiaries, have entered into a 50:50 joint venture to acquire 15 modern logistics facilities in Japan from Laalle Investment Management for JPY122.6 billion.

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GLP 2Q12 PATMI Increased 135% to US$201 Million
GLP 2Q12 PATMI Increased 135% to US$201 Million

GLP grew PATMI by 135% to US$201 million for the three months ended September 30, 2011 ("2Q12"). The strong financial performance was boosted by the completion and stabilisation of GLP's development projects in Chian and favourable currency translation.

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GLP To Start GLP Misato III Development in Japan
GLP To Start GLP Misato III Development in Japan

GLP today announced that it has commenced work on the 93,831 sqm GLP Misato III development a new large-scale multi-tenant logistics facility located in Misato city, Saitama prefecture.

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GLP Commences Construction of Built­To­Suit Healthcare Logistics Facility
GLP Commences Construction of Built­To­Suit Healthcare Logistics Facility

GLP today announced that it has begun construction of a dedicated healthcare distribution centre in Hangzhou, China, for one of the largest global logistics companies.

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GLP Successfully Refinances JPY47 billion (US$62 million) of Debt
GLP Successfully Refinances JPY47 billion (US$62 million) of Debt

GLP has today completed the refinancing of JPY47 billion (US$612 million) debt, representing 19.4% of GLP's overall debt in Japan. The new interest cost of 1.42% (with interest rate swap) is lower than the previous interest cost of 1.94%.

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