GLP Delivers 35,000 sqm in Brazil to Leading Global Automotive Corporation

GLP Delivers 35,000 sqm in Brazil to Leading Global Automotive Corporation

GLP has delivered a 35,000 sqm (377,000 sq ft) distribution center in Brazil which it is leasing to a leading global automotive corporation. The lease is for the first completed building at GLP Guarulhos in São Paulo. GLP Guarulhos is part of GLP Brazil Development Partners I, a joint venture between CPPIB, GIC and GLP.

  • First completed building under GLP Brazil Development Partners I
  • GLP Guarulhos will be Brazil’s best master planned logistics park

 

Singapore, 29 January 2013 – Global Logistic Properties (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced that it has delivered a 35,000 square metres (“sqm”) (377,000 square feet (“sq ft”)) distribution center in Brazil which it is leasing to a leading global automotive corporation (“the customer”).

The lease is for the first completed building at GLP Guarulhos in São Paulo. GLP Guarulhos is part of GLP Brazil Development Partners I (“Fund”), a joint venture between Canada Pension Plan Investment Board (“CPPIB”), Government Investment Corporation of Singapore (“GIC”) and GLP.

Scott Pryce, Managing Director of GLP Brazil, said: “We are delighted to have delivered this first distribution center at GLP Guarulhos, which will be Brazil’s best master planned logistics park. The development team has done a fantastic job securing the site, which is strategically located and of a considerable size. We are pleased to be supporting this customer’s needs here and look forward to the continued development of this exciting project.”
 
GLP Brazil Development Partners I was formed in November 2012 to acquire a portfolio of five development projects in Brazil. GLP owns 41.3% of the Fund, with CPPIB owning 39.6% and GIC 19.1%. Together with GLP Brazil Income Partners I, GLP’s market-leading portfolio in Brazil comprises 1 million sqm (10.8 million sq ft) of completed gross floor area (“GFA”) and a development pipeline of 0.8 million sqm (8.6 million sq ft). The projects are located in major logistics hubs with direct access to key transportation nodes, providing GLP with significant opportunities to grow its network of modern logistics facilities in the region.

GLP Guarulhos will be constructed over a period of four years and will comprise 17 buildings with a total GLA of up to 420,000 sqm (4.5 million sq ft). It is located on the Dutra highway, which connects São Paulo and Rio de Janeiro, inside the first toll booth leaving São Paulo and has a private overpass access to the Dutra highway.


About Global Logistic Properties (www.glprop.com)

Global Logistic Properties (GLP) is one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil. It owns, manages and leases out 505 completed properties in 205 logistics parks spread across 60 cities and states in China, Japan and Brazil, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP)

Issued by: Global Logistic Properties Limited


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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