Submitted by glpadmin1 on Tue, 08/31/2021 - 12:06

GLP J-REIT Obtains BELS and ZEB Certifications

GLP J-REIT Obtains BELS and ZEB Certifications

GLP J-REIT aims to certify more than 80% of portfolio with green building certifications by 2024

Tokyo and Singapore, 1 September 2021 – GLP J-REIT announced today that five properties (GLP Kawajima, GLP Sayama Hidaka II, GLP Kashiwa II, GLP Rokko III and GLP Kiyama) have received Building Energy-efficiency Labeling System (BELS) certifications and four of the properties (GLP Kawajima, GLP Sayama Hidaka II, GLP Kashiwa II and GLP Rokko III) received the highest BELS ratings of five stars and "Zero Energy Building (ZEB) Ready" evaluations.

BELS is a third-party certification system in Japan that assesses the energy conservation performance of buildings, in line with the guidelines set by the Ministry of Land, Infrastructure, Transport and Tourism of Japan. Certifications are based on a five-scale system (one star to five stars).

ZEB refers to a building that has annual energy consumption that is effectively zero. These ultra eco-friendly buildings are created through concerted efforts in energy conservation such as via better heat insulation, solar shading, natural energy and high-efficiency equipment, coupled with the creation of new energy alternatives including photovoltaic power generation. ZEB buildings contribute less overall greenhouse gas to the atmosphere during operations than similar non-ZEB buildings.

Since the Building Energy Index (BEI), which is used for BELS evaluation, is also used for ZEB evaluation, it is possible to display ZEB evaluation in BELS evaluation. ZEB evaluation can be indicated with four levels, "ZEB," "Nearly ZEB," "ZEB Ready," and "ZEB Oriented," depending on the zero-energy achievement status.

GLP J-REIT together with its asset manager GLP Japan Advisors Inc. and sponsor group the GLP Group give the utmost consideration to environmental protection and fulfill their social responsibilities in ensuring the health and safety of our customers and local communities as well as employees.

GLP J-REIT has set a goal to aim to certify more than 80% of its portfolio with green building certifications by 2024 from 67% following the announcement of these new certifications.

About GLP
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$118 billion in assets under management in real estate and private equity.

We are committed to a broad range of environmental, social and governance (ESG) commitments that elevate our business, protect the interest of our shareholders and investors, support our employees and customers, and enhance our local communities. Learn more at glp.com/global.

Media Contact:

Meredith Balenske
SVP, Global Communications & ESG
Tel: +852 6116 6709
Email:
mbalenske@glp.com

Investor Contact:

Craig A. Duffy
Managing Director, Fund Management
Tel: +852 9038 5284
Email:
cduffy@glp.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," “intends,””foresees,” “estimates,” “projects,” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP’s assumptions are correct.

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