GLP Establishes Long-Term Strategic Partnership with CIMC

GLP Establishes Long-Term Strategic Partnership with CIMC

GLP has signed a strategic cooperation framework agreement with China International Marine Containers, a leading China-domiciled company specializing in providing modern transportation equipment and services. Under the strategic partnership, GLP and CIMC will work together to develop integrated logistics facilities and solutions.

  • GLP and CIMC will work together to develop integrated logistics facilities and solutions in China
  • Strategic partners like CIMC form an important part of GLP’s collaborative platforms in logistics eco-system as they strengthen GLP’s customer base and land sourcing capabilities

Shanghai, 18 August 2016 – GLP, the leading global provider of modern logistics facilities, has signed a strategic cooperation framework agreement with China International Marine Containers (Group) Co., Ltd. (“CIMC”), a leading China-domiciled company specializing in providing modern transportation equipment and services. Under the strategic partnership, GLP and CIMC will work together to develop integrated logistics facilities and solutions. GLP may also assist CIMC in planning, re-developing and managing their existing logistics facilities.

Victor Mok, Co-President of GLP China, said: “CIMC is an important addition to GLP’s collaborative platforms in logistics eco-system and we are pleased to establish this strategic partnership. Over the past few years, we have built up an invaluable network of strategic partners with whom we can together provide a comprehensive scope of services and solutions to meet the needs of our customers. We endeavor to provide an even wider spectrum of services to our customers to help them improve their supply chain efficiency and serve the market more competitively.”

 

Boliang Mai, CEO and President of CIMC, said: “We are delighted to forge this long-term partnership with GLP. CIMC and GLP share a common commitment to advance the logistics and distribution infrastructure system in China. With our combined strengths and resources, we are confident that we can provide solutions that enhance efficiency and ultimately deliver greater value to all stakeholders.”

 

Since 2014, GLP has established strategic partnerships with a number of leading China state-owned companies including Bank of China, China Development Bank Capital, China Materials Storage and Transportation Development Company (“CMSTD”), COFCO, Guangdong Holdings, Jinbei Automotive and Sinotrans. These strategic partnerships support GLP in expanding its customer base and strengthening its land sourcing capabilities.

 


About GLP (www.glprop.com)

GLP is a fund manager, developer and owner-operator of modern logistics facilities. As of 30 June 2016, GLP owns and operates a global portfolio of 52 million square meters (560 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$37 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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