GLP Further Extends Relationship with Deppon Logistics in China

GLP Further Extends Relationship with Deppon Logistics in China

GLP has pre­leased approximately 91,000 sqm (977,000 sq ft) to Deppon Logistics, one of China’s largest 3PL providers. Deppon Logistics is GLP's second­-largest customer in China by leased area. Including the two pre­leases, Deppon Logistics leases 267,000 sqm (2.9 million sq ft), or 4.1% of total leased area, with GLP across 13 cities in China.

  • 91,000 sqm (977,000 sq ft) pre-leased at two new parks in Harbin and Wuhan
  • Deppon Logistics is GLP’s second largest customer in China, leasing 4.1% of GLP¹s total leased area in the country

Singapore, 26 March 2013— Global Logistic Properties Limited (“GLP”), one of the world¹s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced that it has pre-leased approximately 91,000 square metres (“sqm”) (977,000 square feet (“sq ft”)) to Deppon Logistics, one of China’s largest third-party logistics (“3PL”) providers. Deppon Logistics is GLP’s second-largest customer in China by leased area. Including the two pre-leases announced today, Deppon Logistics leases a total of 267,000 sqm (2.9 million sq ft), or 4.1% of total leased area, with GLP across 13 cities in China.

Kent Yang, President of GLP China, said: “Deppon Logistics is one of our top customers in China and we are delighted to support their growth as they expand across China. These significant pre-lease agreements demonstrate Deppon Logistics’ strong confidence in GLP’s strategic network and modern solutions, while highlighting the continuing growth of the 3PL industry, driven by strong Chinese domestic demand.”

The following details the recently signed new lease agreements.

  • 68,000 sqm (720,000 sq ft) pre-leased at GLP Park Jiangxia in Wuhan, Hubei Province. Strategically located in the Wuhan Jiangxia Economic Development Zone, GLP Park Jiangxia has excellent access to Wuhan’s well-developed transportation infrastructure and is just 5 km from the G42 (Shanghai-Chengdu) Expressway and 10 km from downtown Wuhan. GLP Park Wuhan Jiangxia will consist of seven buildings with a total gross floor area (³GFA²) of 159,000 sqm (1.7 million sq ft) upon its completion in January 2014.
  • 23,000 sqm (248,000 sq ft) pre-leased at GLP Park Harbin in Harbin, Heilongjiang Province. GLP Park Harbin is GLP’s first project in Harbin. Located only 12 km from downtown Harbin, the park will consist of four buildings with a total GFA of 97,000 sqm (1 million sq ft) upon its completion in June 2013.

GLP’s cooperation with Deppon Logistics first started in 2007, and now has been extended to 13 cities: Changzhou, Dalian, Guangzhou, Hangzhou, Harbin, Hefei, Langfang, Qingdao, Shanghai, Shenyang, Suzhou, Wuhan and Wuxi.

Deppon Logistics is China’s leading integrated logistics provider offering a full range of products including express road shipping, road freight and air freight. They have grown rapidly since their founding in 1996, and their extensive national network serves more than 550 cities across 31 provinces in China.


About Global Logistic Properties (www.glprop.com)

Global Logistic Properties (GLP) is one of the world¹s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil. It owns, manages and leases out 525 completed properties in 194 logistics parks spread across 62 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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