10:25 AM EDT, 08/06/2025 (MT Newswires) -- LogProstyle ( LGPS ) and Australia-based Inmark Global said Wednesday they have entered into a shareholders agreement to form a joint venture focused on acquiring and developing real estate investment assets in Japan.

The new entity will be called Inmark LogProstyle and Inmark will own 51% while LogProstyle ( LGPS ) will hold a 49% stake, the companies said.

The joint venture plans to target the multi-family real estate sector and LogProstyle ( LGPS ) will lead management and operations in Japan, according to the companies.

Financial terms of the deal were not disclosed.

LogProstyle ( LGPS ) shares were up 2.3% in early Wednesday trading.

Price: 0.91, Change: +0.02, Percent Change: +2.25