GLOBAL Logistic Properties (GLP) plans to start developing a large-scale logistics facility in Okayama, Japan, in June this year, making it the second project under its joint venture with the Canada Pension Plan Investment Board. The 79,023-square-metre multi-tenant facility, GLP Soja, will come onstream in February 2013. The total development cost of the project, located within Okayama Soja IC...

MANAGING the continuing growth of air travel, but without compromising safety and security and inconveniencing passengers, will be a key challenge for the industry. This observation was made by the director-general of the Civil Aviation Authority of Singapore (CAAS), Mr Yap Ong Heng, at a media briefing yesterday, ahead of a global aviation summit to be held on the sidelines of this month's...

CACHE Logistics Trust posted a fourth-quarter distribution per unit (DPU) of 2.10 cents, up 8.5 per cent from the previous corresponding period's 1.94 cents. Boosted by accretive acquisitions completed last year, the logistics real estate investment trust's distributable income for the three months ended Dec 31, 2011, came in 9.2 per cent higher at $13.4 million, compared with $12.3 million a...