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Growth Strategy with GLP Group

GLP group is one of the world’s largest providers of modern logistics facilities. We plan to utilize, to the greatest extent possible, the information, knowhow and managerial resources of GLP group regarding the development, operation, leasing and property management of modern logistics facilities to support the stable management and growth of our asset portfolio.

GLP Limited, a Singapore Exchange-listed company, is the ultimate parent of GLP group, which holds, manages and operates logistics facilities in Japan, China, Brazil and the United States. GLP Limited’s largest shareholder is the Government of Singapore Investment Corporation Pte Ltd., and GLP group has an excellent operating history and strong relationships with many of its partners. GLP group has carried out joint ventures in Japan with such entities as China Investment Corporation, China’s sovereign wealth fund, and the Canadian Pension Plan Investment Board, Canada’s pension investment public agency.

Utilization of GLP Group’s Value Chain

GLPグループのバリューチェーンの活用GLP group provides various logistics facility-related solutions, such as acquisition, development, ownership, operation, leasing, property management, and consulting. We plan to utilize the support and capabilities of GLP group companies during the various phases of managing our assets to enable the stable management and growth of our asset portfolio.

Strategy for Portfolio Growth

We plan to acquire highly competitive properties and achieve steady external growth by utilizing our preferential rights to obtain information about the potential disposition of GLP group portfolio assets, as well as the information and knowhow of GLP group with regard to property acquisition.

Strategy for Portfolio Growth

Right-of-First-Look

We maintain a right-of-first-look with respect to the 12 properties in Japan that GLP group companies owns, other than through joint ventures with third parties, based on the Right-of-First-Look Agreement dated on November 13, 2012. Taking advantage of this, we seek for portfolio growth.

As of Sep. 1, 2017

Region Property name Location Date of
construction
Land area
(m2)(Note)
Leasable area
(m2)(Note)
Tokyo
metropolitan
area
GLP Shinsuna Koto, Tokyo Mar 31, 1987 22,831 44,447
GLP Urayasu II Urayasu, Chiba Jan 29, 1989 24,444 32,595
GLP Urayasu IV Urayasu, Chiba Jun 15, 1981 27,452 58,251
GLP Yokohama Yokohama, Kanagawa Jun 13, 2005 51,073 95,335
GLP Shonan Fujisawa, Kanagawa Dec 24, 1999 14,384 23,833
GLP Soka Soka, Saitama Apr 18, 1988 53,680 77,237
Greater Osaka
area
GLP Osaka Osaka, Osaka Aug 19, 2004 45,953 128,504
GLP Settsu Settsu, Osaka Feb 21, 1968 37,718 38,997
GLP Nishinomiya Nishinomiya, Hyogo Oct 31, 1979 14,639 19,766
GLP Shiga Kusatsu, Shiga Oct 16, 1991 32,679 29,849
Other GLP Fujimae Nagoya, Aichi Oct 21, 1987 17,973 12,609
GLP Sapporo Sapporo, Hokkaido Feb 7, 1983 15,635 17,417
(Note) The figures are rounded to the nearest whole number.

GLP Group’s Commitment

We plan to make the following arrangements, in order to align GLP group’s interests with those of our unitholders:

GLP Group’s Commitment

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