GLP J-REIT to Acquire Sixth Preferred Securities for 158 Million Yen

MT Newswires Live

02/20

GLP J-REIT (TYO:3281) will acquire sixth-round preferred securities issued by Acacia Special Purpose Company for 158 million yen, according to a Friday filing on the Tokyo Stock Exchange.

The investment relates to the redevelopment project of GLP Narashino II and is scheduled for completion on Feb. 26. The purchase will be funded with cash on hand.

The REIT revised the projected amount for the sixth issuance to 158 million yen from a planned 131 million yen, while trimming the seventh issuance to a planned 1.33 billion yen from 1.36 billion yen. The total maximum investment of 1.92 billion yen remains unchanged.

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