GLP Expands Partnership with JD.com to Lease 190,000 sqm (2 million sq ft) in China

GLP Expands Partnership with JD.com to Lease 190,000 sqm (2 million sq ft) in China

GLP has leased 190,000 sqm (2 million sq ft) to JD.com, one of the largest e-commerce companies in China. JD.com will utilize the facilities to optimize and expand its distribution network to meet increasing e-commerce demand across China.

  • JD.com, one of the largest e-commerce companies in China, expands 190,000 sqm (2 million sq ft) with GLP in six locations across China
  • GLP’s unrivaled network of premium locations powers rapid growth of customers’ distribution capabilities in China 

 

Singapore, 31 March 2015 – Global Logistic Properties Limited (“GLP”), the leading global provider of modern logistics facilities, has leased 190,000 square meters (“sqm”) (2 million square feet (“sq ft”)) to JD.com, one of the largest e-commerce companies in China.

JD.com will utilize the facilities to optimize and expand its distribution network to meet increasing e-commerce demand across China. JD.com is one of GLP’s largest customers by leased area.

Kent Yang, President of GLP China, said: “We are excited to further expand our partnership with JD.com in China. We have seen strong demand for our logistics facilities, in part driven by the robust growth of e-commerce. The collaboration announced today highlights the value GLP’s network provides in enabling our customers to rapidly expand distribution capacity. We look forward to supporting JD.com as they continue to grow 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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