The company, known as GLP, may list the real estate investment trust in Tokyo by mid-2012, said two of the people, who declined to be identified as the process is private. It has hired Citigroup Inc. (C), Goldman Sachs Group Inc. (GS) and Nomura Holdings Inc. (8604) to manage the offering, they said.

GLP manages 69 logistics facilities throughout Japan with a combined 2.8 million square meters of floor area, according to its website. In December last year, the company teamed up with China Investment Corp. to buy 15 Japanese warehouses for 122.6 billion yen ($1.5 billion) from LaSalle Investment Management. The proposed IPO would not include those properties, one of the people said.

In September, GLP said in a statement that it had considered options including setting up a “real estate corporation in Japan,” adding that it hadn’t made any decision on whether to pursue such a move. The release came in response to a Reuters article saying the company was planning an IPO of Japanese assets. An outside spokeswoman for GLP referred to the September statement and declined to comment further.

GLP raised S$3.5 billion ($2.8 billion) in October 2010 in what was at the time Singapore’s biggest IPO since 1993.

To contact the reporters on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net; Kathleen Chu in Tokyo at kchu2@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

http://www.bloomberg.com/news/2012-03-07/global-logistic-said-to-plan-1-billion-ipo-of-japan-warehouse-properties.html

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