GLP Announces New Leases Totaling 34,000 sqm (366,000 sq ft) in China

GLP Announces New Leases Totaling 34,000 sqm (366,000 sq ft) in China

GLP has signed two new lease agreements totaling 34,000 sqm (366,000 sq ft) with industry leading companies in Eastern and Northern China. The customers will use the facilities for storage and distribution of packaged foods, including products with temperature-control requirements. These are new customer relationships for GLP.

  • GLP signs two new lease agreements totaling 34,000 sqm (366,000 sq ft) with two industry leading companies in China
  • Customers will use the facilities for food storage and distribution in Eastern and Northern China
  • GLP’s leading network of modern logistics facilities well-positioned to enhance logistics efficiency and safety in the food industry

 

Singapore, 21 August 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed two new lease agreements totaling 34,000 square meters (“sqm”) (366,000 square feet (“sq ft”)) with industry leading companies in Eastern and Northern China. The customers will use the facilities for storage and distribution of packaged foods, including products with temperature-control requirements. These are new customer relationships for GLP.
 

Kent Yang, President of GLP China, said: “We are excited to establish new relationships with the customers. Food manufacturers are ramping up distribution capability amid increasing demand from consumers for more convenient and safer food distribution. GLP’s well-located, high-quality facilities provide the ideal environment for modern food logistics and are helping to drive improvements in the industry. We expect further opportunities in this area and look forward to supporting our customers as they expand.”

 

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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