TOKYO -- Global warehouse operator GLP will set up an investment fund to pour around 625 billion yen ($5.6 billion) into logistics facility development in Japan, targeting a dozen or so properties planned in 2019 and beyond.
Asia's top logistics facility provider is set to launch the fund as early as this year, and will invest in properties mainly in the greater Tokyo and Osaka areas. Among them is one of Japan's largest logistics facilities planned in Sagamihara, Kanagawa Prefecture -- slated for completion as soon as 2022.
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