GLP starting development of $140 mil Greater Osaka facility

TOKYO (July 7): Global Logistic Properties (GLP), the provider of modern logistics facilities, will start development of GLP Kobe Nishi II, a 764,000 sf modern logistics property in Greater Osaka at an estimated cost of JPY10.5 billion ($140 million).

GLP Kobe Nishi II is a development project under GLP Japan Development Venture I, a 50/50 joint venture between GLP and the Canada Pension Plan Investment Board. The development is located 30 minutes from Kobe city centre and ideal for distribution across the Hiroshima region via the Sanyo Expressway.

Expected to be completed in 2H FY18 (late 2017), GLP Kobe Nishi II will feature different ceiling heights and truck berth dimensions to cater towards the varying needs of storage- and distribution-focused logistics companies.

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