GLP Announces New Leases Totaling 63,000 sqm (678,000 sq ft) in China
GLP has signed new agreements totalling 63,000 sqm (678,000 sq ft) with four customers in China. The customers include leaders in e-commerce, packaged foods and pharmaceutical industries, and three are multi-location GLP customers in China.
- GLP has signed new agreements totaling 63,000 sqm (678,000 sq ft) with four customers
- Strong demand for modern logistics facilities from consumer goods industries including e-commerce, packaged foods and pharmaceuticals
- GLP’s unrivaled network provides flexibility and creates value for multi-location customers
Singapore, 11 March 2015 – Global Logistic Properties Limited (“GLP”), the leading global provider of modern logistics facilities, has signed new agreements totalling 63,000 sqm (678,000 sq ft) with four customers in China.
The customers include leaders in e-commerce, packaged foods and pharmaceutical industries, and three are multi-location GLP customers in China.
Kent Yang, President of GLP China, said: “We are delighted to establish and strengthen our relationships with these customers. Growing domestic consumption across a wide variety of industries is driving demand for modern logistics facilities. GLP’s unrivaled network of high-quality facilities provides flexible solutions and creates value for our customers as they strengthen their supply chain capabilities. We look forward to supporting our customers as they continue to expand in China.”
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is a leading global provider of modern logistics facilities. As of 31 December 2014, GLP’s US$19 billion property portfolio encompasses 29 million square meters (312 million square feet) of logistics facilities across China, Japan and Brazil. In February 2015, GLP established immediate scale in the United States with the acquisition of an US$8.1 billion portfolio.
GLP’s growth strategy is centered on being the best operator, creating value through developments and expanding its fund management platform. GLP’s customers include some of 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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