GLP Expands Cooperation with Sankyu Logistics in China
GLP has leased 17,000 sqm (183,000 sq ft) to Sankyu Logistics, an international 3PL provider. Sankyu Logistics is expanding its distribution centers in Souther, Northern and Eastern China to meet growing demand from a variety of customers.
- Sankyu Logistics expanding 17,000 sqm (183,000 sq ft) at three GLP parks in China
- Expansion driven by increasing demand from domestic consumption
- Customer now leases 77,000 sqm (829,000 sq ft) with GLP
Singapore, 5 September 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 17,000 square meters (“sqm”) (183,000 square feet (“sq ft”)) to Sankyu Logistics, an international third party logistics (“3PL”) provider.
Sankyu Logistics is expanding its distribution centers in Foshan (Southern China), Tianjin (Northern China) and Suzhou (Eastern China) to meet growing demand from a variety of customers including leading global fast-moving consumer goods companies, consumer durables companies and industrial equipment manufacturers.
Kent Yang, President of GLP China, said: “Sankyu provides logistics solutions to a wide variety of manufacturers, whose supply chains require logistics facilities that offer excellent locations and ensure efficient operations. These leases underscore the power of our network and the confidence our customers have in our facilities and service.”
Sankyu Logistics commented: “GLP’s facilities are located close to our customers and ideal for setting up efficient, precise logistics operations. Furthermore, GLP’s network and scale give us the flexibility to expand according to our growth plans. We are very satisfied with the service they provide.”
The following details the recently signed new lease agreements:
- 7,500 sqm (81,000 sq ft) at GLP Park Shunde in Foshan, Southern China. With the newly signed agreement, GLP Park Shunde is 100% leased. GLP Park Shunde is located within the Shunde Science and Technology Industrial Park, a well-developed industrial zone close to the main consumption center of Guangzhou. GLP Park Shunde is well positioned to support distribution throughout the Greater Guangzhou Area.
- 5,300 sqm (57,000 sq ft) at GLP Park Xiqing in Tianjin, Northern China. GLP Park Xiqing is located in Tianjin Xiqing Economic Development Zone where many electronics manufacturers are located. Near the Tianjin Outer Ring Highway, Expressway and easily accessible to Tianjin Airport and Tianjin Port, the park is an ideal choice for regional distribution within Northern China.
- 4,200 sqm (45,000 sq ft) at GLP Park Suzhou Industrial (Genway) in Suzhou, Eastern China. Located in Suzhou Industrial Park, GLP Park Suzhou Industrial (Genway) provides a manufacturing platform for over 70 multi-national companies and is only an hour from Shanghai by expressway. The convenient and highly efficient transportation network facilitates the distribution of products within and beyond Eastern China.
Sankyu Logistics is an international 3PL service provider delivering integrated solutions to customers spanning a wide variety of industries including fast-moving consumer products, consumer durables and heavy equipment. The customer now leases 77,000 sqm (829,000 sq ft) across three locations with GLP in China.
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the largest provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21.4 million square meters (230 million square feet) is strategically located across 66 cities, forming an efficient logistics network serving 700 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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