GLP Lases 34,000 sqm (366,000 sq ft) to Leading Smartphone Manufacturer in China

GLP Lases 34,000 sqm (366,000 sq ft) to Leading Smartphone Manufacturer in China

GLP has leased 34,000 sqm (366,000 sq ft) to a leading smartphone manufacturer at GLP parks in six cities across China. The customer is an existing GLP customer and is leasing more space to service rising domestic demand for its mobile handsets and other products sold online.

  • Leading smartphone manufacturer leverages GLP’s unrivaled network to establish national distribution covering every region in China
  • Customer signs six leases totaling 34,000 sqm (366,000 sq ft) to meet strong increase in online smartphone sales throughout China
  • GLP’s unrivaled network enables companies to rapidly scale up distribution capability

 

Singapore, 16 April 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has leased 34,000 sqm (366,000 sq ft) to a leading smartphone manufacturer (“the customer”) at GLP parks in six cities across China. The customer is an existing GLP customer and is leasing more space to service rising domestic demand for its mobile handsets and other products sold online.
 

Kent Yang, President of GLP China, said: "Domestic consumption and e-commerce continue to drive demand for modern logistics facilities. GLP’s network is uniquely positioned to enable companies to reach consumers as fast as possible. Our best-in-class facilities and service ensure efficient operations. We look forward to supporting our customers as their businesses grow across China.” 
 

The following details the new lease agreements:

  • 6,000 sqm (65,000 sq ft) at GLP Park Songjiang in Shanghai, Eastern China.
  • 6,000 sqm (65,000 sq ft) at GLP Park Jiangning in Nanjing, Jiangsu Province, Eastern China
  • 6,000 sqm (65,000 sq ft) at GLP Park Zhengzhou in Zhengzhou, Henan Province, Midwestern China
  • 6,000 sqm (65,000 sq ft) at GLP Park CDHT in Chengdu, Sichuan Province, Midwestern China
  • 5,000 sqm (54,000 sq ft) at GLP Park Tianjin Airport in Tianjin, Northern China
  • 5,000 sqm (54,000 sq ft) at GLP Park Yunpu in Guangzhou, Guangdong Province, Southern China



About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 23.4 million square meters (252 million square feet) is strategically located across 63 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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