GLP Announces New Leases Totaling 43,000 sqm (463,000 sq ft) in China

GLP Announces New Leases Totaling 43,000 sqm (463,000 sq ft) in China

GLP has signed new lease agreements totaling 43,000 sqm (463,000 sq ft) in China.JD.com, one of China’s largest e-commerce companies, is expanding its leases with GLP on the back of strong business growth. It is one of GLP’s largest customers by leased area, and now leases across six cities with GLP in China.

  • GLP signs new leases totaling 43,000 sqm (463,000 sq ft) with JD.com and a leading third-party logistics company in China
  • GLP extends partnership with JD.com, one of its largest customers in China by leased area
  • Domestic consumption and e-commerce fulfilment driving significant demand for modern logistics facilities in China

 

Singapore,29 September2014– Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed new lease agreements totaling 43,000 square meters (“sqm”) (463,000 square feet (“sq ft”)) in China.

JD.com (NASDAQ:JD), one of China’s largest e-commerce companies, is expanding its leases with GLP on the back of strong business growth. It is one of GLP’s largest customers by leased area, and now leases across six cities with GLP in China.
 

A leading third-party logistics company in China has signed a new lease with GLP in Southern China. The customer is strengthening its distribution capabilities to meet increasing demand from consumer goods industries. This lease represents a new customer relationship for GLP.
 

Kent Yang, President of GLP China, said: “We are excited to expand our partnership with JD.com. Domestic consumption and e-commerce continue to drive demand for modern logistics facilities. GLP’s unrivaled network enables customers to seamlessly expand their distribution capabilities and reach consumers more efficiently. We look forward to supporting our customers as their businesses grow across 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 of27million square meters (290million 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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