Global Logistic Properties Leases 90,000 sqm (969,000 sq ft) in China

Global Logistic Properties Leases 90,000 sqm (969,000 sq ft) in China

GLP has signed five new lease agreements totaling 90,000 sqm (969,000 sq ft) in multiple locations across China. Four of the new leases were signed with leading express delivery providers in China.

  • E-commerce fulfilment driving demand for modern logistics facilities in China
  • Repeat customers extending cooperation with GLP
  • GLP’s strategic national network enables customers to scale up rapidly and efficiently

 

Singapore, 13 August 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed five new lease agreements totaling 90,000 square meters (“sqm”) (969,000 square feet (“sq ft”)) in multiple locations across China. Four of the new leases were signed with leading express delivery providers in China.
 

Kent Yang, President of GLP China, said: “Fulfilment of online purchases is driving strong demand for express delivery services in China. We see third party logistics providers positioning their distribution networks across the country to cater for last-mile deliveries. GLP continues to meet expansion demand from repeat customers and we look forward to capitalizing on the significant growth prospects in front of us.”


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 27 million square meters (290 million square feet) is strategically located across 76 cities, forming an efficient logistics network serving almost 800 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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