GLP Announces New Leases in Japan Totaling 214,000 sqm (2.3 Million sq ft)

GLP Announces New Leases in Japan Totaling 214,000 sqm (2.3 Million sq ft)

GLP has signed new leases totaling 214,000 sqm (2.3 million sq ft) with four leading companies in Japan. With these leases, GLP is extending its partnership with ASKUL, a leading e-commerce company and one of GLP’s top customers by leased area in Japan. Two of the customers are new relationships for GLP.

  • GLP extends partnership with ASKUL, a leading e-commerce company; GLP Suita 100% pre-leased a year ahead of completion
  • Domestic consumption demand driven by the e-commerce and food industries
  • GLP’s well-located facilities maximize logistics efficiency while supporting customers’ distribution needs

     

Tokyo, 27 June 2016 – GLP, the leading global provider of modern logistics facilities, has signed new leases totaling 214,000 square meters (“sqm”) (2.3 million square feet (“sq ft”)) with four leading companies in Japan.


With these leases, GLP is extending its partnership with ASKUL, a leading e-commerce company and one of GLP’s top customers by leased area in Japan. Two of the customers are new relationships for GLP.


The following details the recently signed new lease agreements:

 · ASKUL, a leading e-commerce company, has leased 146,000 sqm (1.6 million sq ft) at GLP Suita, Greater Osaka. The facility is 100% pre-leased a year ahead of completion and will be ASKUL’s largest logistics center in Japan

 · Locondo, a leading e-commerce company specializing in apparel and shoes, has leased 34,000 sqm (366,000 sq ft) at GLP Yachiyo, Greater Tokyo

 · Kato Sangyo, a major food-wholesale company, has leased 20,000 sqm (215,000 sq ft) at GLP Tomiya, Sendai

 · An e-commerce company has leased 13,000 sqm (140,000 sq ft) at GLP Naruohama, Greater Osaka


Yoshiyuki Chosa, President of GLP Japan, said, “We are delighted to sign these new lease agreements. Domestic consumption remains strong and we continue to see demand from the e-commerce and food industries. GLP’s well-located modern logistics facilities are designed to maximize our customers’ logistics efficiency while catering to their distribution needs. We look forward to supporting our customers as they continue to grow in Japan.”

About GLP (www.glprop.com)

GLP is a fund manager, developer and owner-operator of modern logistics facilities. As of 31 March 2016, GLP owns and operates a global portfolio of 52 million square meters (559 million square feet) that caters primarily to domestic consumption. GLP’s 4,000 customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. GLP’s US$36 billion fund management platform is a key area of growth going forward.


GLP 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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