Japanese developer Hulic Co. wants to speed up the listing of a $1.04 billion REIT as the economy improves. It said it will list the REIT by the middle of 2014. The REIT will include office and commercial buildings in Tokyo as well as nursing homes.
Global Logistic Properties' REIT, GLP J-REIT, plans to sell $1.4 billion worth of shares in its initial public offering in Japan. It will use the proceeds for projects in China and Japan. GLP J-REIT will be the largest logistic-focused REIT in Japan.
The European Aeronautic Defense & Space Co. said that reduced revenue from its delayed A400M military transport program and provisions against losses caused the company to move into the red in 2009. EADS posted a net loss of $1.04 billion last year, but the company said it had reached an agreement with European governments to save the A400M project.
Excel Trust has made a securities filing for an IPO to sell up to $300 million worth of common shares. It plans to become a REIT investing in a variety of retail properties, including power centers, free-standing retail and supermarket-anchored neighborhood and community shopping centers. Excel has no operating history but said in its securities documents that it has several acquisitions under negotiation.