Friday, April 24, 2015

Market News In 2 Minutes @ 24th April 2015 (Global Logistics Properties)

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.

Following are the "Market News In 2 Minutes" for today :

1. Global Logistics Properties (MC0) - Announced that its joint venture GLP Japan Development Venture will be selling GLP Kobe-Nishi, a 392,000 square feet property in Greater Osaka, to GLP J-REIT for 7.2 billion yen ($81 million). GLP J-REIT is Tokyo-listed and focuses on operating logistics properties in Japan. GLP is the property and asset manager and owns 15 percent of GLP J-REIT. The sale crystalises a 38 percent development value creation margin for the venture within 14 months. (source : Shares Investment)

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