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FINWIRES

GLP J-REIT to Sell Domestic Real Estate Asset for 7.20 Billion Yen

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GLP J-REIT (TYO:3281) has agreed to sell GLP Tomisato, a domestic real estate asset, to an undisclosed buyer for a total of 7.20 billion yen, according to a Thursday filing with the Tokyo Stock Exchange.

The sale, executed on Wednesday, will be settled by full payment at the time of delivery, scheduled for Feb. 26, 2027, with proceeds earmarked for distribution to unitholders and reinvestment in future acquisitions.

The sale is expected to generate a total gain of 3.08 billion yen. Proceeds will be used for distributions to unitholders and future investments, the REIT said.

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