GLP Japan Boss Chosa Set for Spotlight Interview at Mingtiandi Tokyo Forum on 12 Nov

Yoshiyuki Chosa, Japan president with GLP Capital Partners (GCP), will take the stage at Mingtiandi’s inaugural Japan Forum on 12 November, with the executive set provide insights from more than 20 years in the country’s industrial real estate industry, while unpacking opportunities and challenges facing logistics investors in Asia’s second-largest economy.

In a spotlight interview session during the full-day event at the Mandarin Oriental Hotel in Tokyo, Chosa will discuss a range of topics including the rationale behind the formation of GCP’s Alfalink platform of integrated logistics facilities, as well as drivers of logistics property growth in the Land of the Rising Sun.

GCP’s portfolio in Japan comprised 139 operating properties across six major cities, with a total asset valuation of $17.9 billion, as of the end of June.

Mingtiandi’s Japan Forum is expected to attract more than 200 attendees and tickets for the event are still available at the link above. Mingtiandi members not able to join in person will be able to see portions of the programme streamed live on MTD TV.

Tops in Sheds

With a presence in Japan since the establishment in 2009 of GCP’s parent company, Asian warehouse specialist GLP, the company now ranks as Japan’s second largest logistics operator with roughly 18 percent market share as of 31 December, according to JLL.

By the end of June GCP had completed 8 million square metres of projects in the country as, with another 2.9 square metres under development or in the pipeline. The industrial developer and fund manager has also realised JPY1.2 trillion in disposals from its Japan development vehicles, with exit liquidity supported by the private GLP Japan Income Fund and Tokyo stock exchange-listed GLP J-REIT.

In 2019, GCP launched its Alfalink series of modern industrial parks, which integrate supply chain elements including R&D, factory, cold storage, and terminal in a single property, while providing shared technology solutions including robotics and automation. The facilities also incorporate shared office space, common areas and amenities to foster collaboration and well-being.

Earlier this month, GCP announced that it had agreed to sell its business outside of China, including its Japan operation, along with its entities in Vietnam, Europe, the US and Brazil, to US private equity firm Ares Management.

Industrial Veteran

Having joined GLP when it was founded in 2009, Chosa has led the company’s Japan business since its inception. Chosa was a senior vice president with Prologis from 2003 from 2009, when that company’s Japan and China businesses were spun off to form GLP.

The graduate of Japan’s Keio University also has previous experience with Mitsui Fudosan and Mitsui Fudosan Investment Advisors, where he worked in the office and residential sectors as well as providing real estate investment advisory services to overseas institutional investors.

Chosa is part of a roster of over 30 industry leaders who will speak at Mingtiandi’s Japan Forum, including executives from AXA Investment Management, KKR, Warburg Pincus, Ares Management, UBS, Lendlease, and ESR.

With the event now just two weeks away, more than 165 industry professionals have confirmed their attendance for the forum, including professionals from Mitsubishi Estate, Mitsui & Co, Sumitomo Corporate Group, Mori Building and Japan Hotel REIT.