Deppon Logistics Expands 25,000 sqm with GLP In China

Deppon Logistics Expands 25,000 sqm with GLP In China

GLP has recently signed five new lease agreements totaling 55,000 sqm (592,000 sq ft) across China.

  • 15,000 sqm (162,000 sq ft) leased to Grainger, a leading global retailer of industrial products with a growing e-commerce presence in China
  • 12,000 sqm (129,000 sq ft) leased to one of the world’s largest health and beauty retail chains
  • 28,000 sqm (301,000 sq ft) leased to three leading third-party logistics providers including Haier Logistics

 

Singapore, 16 October 2013 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has recently signed five new lease agreements totaling 55,000 square meters (“sqm”) (592,000 square feet (“sq ft”)) across China.

Kent Yang, President of GLP China, said: "These leases highlight how growth in domestic consumption continues to drive demand for logistics facilities from a wide variety of industries. Companies look to GLP first because of our unrivalled network and our best-in-class facilities and service.”

The following details the new lease agreements:

  • Grainger, a leading global retailer of industrial products with a growing e-commerce presence in China, has leased 15,000 sqm (162,000 sq ft) at GLP Park Songjiang in Shanghai, Eastern China. Grainger will use the newly leased facilities to establish a regional distribution center for its business-to-business e-commerce website. GLP Park Songjiang, located in the Songjiang Industrial Zone, offers convenient access to a well-developed transportation network connecting to major consumption centers across Eastern China.
  • One of the world’s largest health and beauty retail chains has pre-leased 12,000 sqm (129,000 sq ft) to establish a regional distribution center at GLP Park Zhengzhou in Zhengzhou, Central China. GLP Park Zhengzhou is located in Zhengzhou International Logistics Park, with excellent access to the surrounding road network and close to both downtown Zhengzhou and Zhengzhou Airport, making it an ideal location for distribution throughout Zhengzhou and Central China.
  • Haier Logistics, the logistics subsidiary of major manufacturing conglomerate Haier Group, has expanded 9,000 sqm (97,000 sq ft) at GLP Park Jiaonan in Qingdao, Eastern China. Haier is leasing more space to increase distribution of consumer electronics products in the region. GLP Park Jiaonan is the only international-grade logistics park in the area, with excellent access to several expressways and located near an airport and seaport, making it an ideal choice for regional distribution in Eastern China.
  • Shine-Link International Logistics, a leading third-party logistics company headquartered in China, has leased 10,000 sqm (108,000 sq ft) at GLP Park Zengcheng in Guangzhou, Southern China. With this newly signed lease agreement, GLP Park Zengcheng is 100% leased. GLP Park Zengcheng is located in Eastern Guangzhou, one of the most mature and modern manufacturing bases in China, and well-positioned to meet the rising level of domestic consumption and retail sales across the Greater Guangzhou Area.
  • Alps Logistics, a leading international logistics services provider, has leased 9,000 sqm (97,000 sq ft) at GLP Park TEDA in Tianjin, Northern China. GLP Park TEDA is located in the Tianjin Binhai New Area, a major economic development zone in China. The park offers convenient access to an integrated transportation network and is well-positioned to support domestic distribution throughout Northern China.


About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21.4 million square meters (230 million square feet) is strategically located across 66 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world’s most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).


GLP Investor Relations & Media Contact:
Ambika Goel, CFA
SVP- Capital Markets and Investor Relations   
Tel: +65 6643 6372
Email: agoel@glprop.com

 

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