Global Logistic Properties Leases 15,600 sqm (168,000 sq ft) to Cardinal Health
GLP has signed a new lease agreement of approximately 15,600 sqm (168,000 sq ft) at GLP Park Beijing ACL with the China subsidiary of Cardinal Health, a leading global distributor of pharmaceuticals and medical supplies.
Singapore, 26 February 2013 – Global Logistic Properties Limited (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced that it has signed a new lease agreement of approximately 15,600 square metres (“sqm”) (168,000 square feet (“sq ft”)) at GLP Park Beijing ACL with the China subsidiary of Cardinal Health, a leading global distributor of pharmaceuticals and medical supplies.
Kent Yang, President of GLP China, said: “We are very pleased to strengthen our relationship with Cardinal Health, as demand continues to grow for pharmaceutical and healthcare products in China. We look forward to working with Cardinal Health as they continue to grow.”
Following the agreement announced today, Cardinal Health leases a total of 29,300 sqm (315,000 sq ft) with GLP across Beijing, Shanghai and Shenyang.
GLP Park Beijing ACL is adjacent to Beijing Airport and close to several expressways, including Beijing Airport Highway No.1, No.2 and North Line, as well as Jingcheng Highway. It offers customers an excellent location for both airport-based logistics and domestic distribution throughout Beijing and Northern China.
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (GLP) is one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil. It owns, manages and leases out 525 completed properties in 194 logistics parks spread across 62 cities and states in China, Japan and Brazil, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI)
Issued by: Global Logistic Properties Limited
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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