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Global Logistics May Buy $1.7B Japan Asset

Global Logistic Properties has offered a bid to purchase a Japanese portfolio of real estate.

    Global Logistic Propertieshas offered a bid to purchase a Japanese portfolio of real estate,The Wall Street Journalreports. The portfolio, which consists of about 20 industrial properties used for distribution and warehousing, is expected to fetch $1.7 billion.

    LaSalle Investment Management正在出售的properties. The real estate unit of private equity firmBlackstone Groupis also interested in the portfolio.

    Click here for the story fromThe Wall Street Journal.

    Click here for the additional coverage fromBloomberg.

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