GLP Global Footprint and Financial Highlights
☐
Japan: Modern Economy with Outdated
Logistics Infrastructure
GLP
Modernizing an outdated stock of existing warehouses is the opportunity in Japan. Modern logistics
facilities in Japan currently make up only 3% of total market supply
Speed of market absorption is not slowing down despite some supply concerns- ~50% of supply
coming online by 2017 is pre-leased
Vacancy Rates in Greater Tokyo and Osaka
Remain Low
Outsourcing and E-commerce Trends Driving
Demand for Modern Logistics Facilities
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
2009
2010
2011
2012
2013
2014
2015
2016
Greater Tokyo
Greater Osaka
Source: Ichigo Real Estate as of October 2016
Note:
1.
Modern logistics facilities for lease with area of at least 10,000 sqm
5.0%
4.5%
JAPAN 3PL
MARKET
+148%
FY2006 - FY2016
JAPAN
E-COMMERCE
SALES
+299%
FY2006 FY2016
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