Investment in Modern Logistics Facilities｜GLP J-REIT Characteristics｜About｜GLP J-REIT

Logistics facilities. We intend to invest mainly in “modern logistics facilities”, which refers to highly-functional leasable logistics facilities with a minimum gross floor area of 10,000m 2 . There is a limited supply of modern logistics facilities, and demand for modern logistics facilities is expected to increase based on the growth of Japanese 3PL operators* as well as the e-commerce market. We intend to focus on modern logistics facilities with the following features, among others, which in our view indicate high functionality: more than 50% of the gross floor area with a floor-to-ceiling height of 5.5 meters or more and a floor load tolerance of 1.5 tons/m 2 or more. Growth in the Japanese 3PL Market. Since there has been an increasing need for outsourcing services as businesses look to review their logistics networks and cut costs and improve utilization of logistics networks, the market for companies that provide efficient and high-quality 3PL services has grown.