GLP FY16 Earnings Up 48%; Continued Operation and Fund Management Momentum
GLP reported a 48% increase in earnings (PATMI) for the year ended 31 March 2016 (“FY16”), driven by higher earnings in China, development completion gains in Japan and GLP’s entry into the US market.
GLP Leases 15,000 sqm (161,000 sq ft) to Akachan House in Greater Tokyo
GLP signed a new 15,000 sqm (161,000 sq ft) lease with Akachan House at GLP Narita in Greater Tokyo. Akachan House is a leading e-commerce retailer for baby products in Japan.
GLP Leases 157,000 sq ft (14,600 sqm) to CEVA in Columbus, Ohio
GLP leased 157,000 sq ft (14,600 sqm) to CEVA Logistics US, Inc. CEVA is an existing third-party logistics customer with GLP and leased an entire building in Columbus, Ohio.