GLP Leases 10,000 sqm (108,000 sq ft) in Beijing

GLP Leases 10,000 sqm (108,000 sq ft) in Beijing

GLP has leased approximately 10,000 sqm (108,000 sq ft) to a leading 3PL provider in Beijing. The customer is expanding its leased area with GLP in Beijing from 3,000 sqm previously. This new lease lifts the lease ratio at GLP Park Beijing ACL to 91%

  • Leading 3PL provider further expands footprint with GLP

 

Singapore, 6 May 2013 – Global Logistic Properties Limited (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced that it has leased approximately 10,000 square metres (“sqm”) (108,000 square feet (“sq ft”)) to a leading third-party logistics (“3PL”) provider in Beijing. The customer is expanding its leased area with GLP in Beijing from 3,000 sqm previously. This new lease lifts the lease ratio at GLP Park Beijing ACL to 91%.

Kent Yang, President of GLP China, said: “This leading 3PL company’s expansion into GLP Park Beijing ACL demonstrates the value we add for our customers, the loyalty that creates, and the importance of having a network that can accommodate customer demand for expansion. We are seeing strong demand from the 3PL industry and our unrivaled network is able to support their growth plans across China."

GLP Park Beijing ACL is located adjacent to Beijing Airport cargo terminal and close to several expressways including Beijing Airport Highway No.1, No.2 and North Line, as well as Jingcheng Highway. It offers customers an excellent location for both airport-based logistics and domestic distribution throughout Beijing and Northern China.

About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (“GLP”) is one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil. Our property portfolio of 20 million square metres (215 million square feet) is strategically located across 62 cities, forming an efficient logistics network serving almost 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).


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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