GLP Leases 11,500 sqm (124,000 sq ft) to Tquim in Brazil

GLP Leases 11,500 sqm (124,000 sq ft) to Tquim in Brazil

GLP has leased 11,500 sqm (124,000 sq ft) to Tquim as GLP São Bernardo do Campo in São Paulo. The customer is one of Brazil's leading 3PL providers in the chemical indstry, and this lease marks the beginning of their cooperation with GLP.

  •  New customer relationship for GLP with one of Brazil’s leading third party logistics providers
  • Tquim strengthening its storage and distribution capabilities to meet increasing demand from domestic consumption
  • GLP’s network and scale provides flexibility for customers to expand according to their growth plans

 

Singapore, 22 April 2014 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 11,500 square meters (“sqm”) (124,000 square feet (“sq ft”)) to Tquim (“the customer”) at GLP São Bernardo do Campo in São Paulo. The customer is one of Brazil’s leading third party logistics (“3PL”) providers in the chemical industry, and this lease marks the beginning of their cooperation with GLP.
 

Mauro Dias, President of GLP Brazil said: “We are very pleased to establish a relationship with this industry leader. GLP São Bernardo do Campo offers the construction and access quality that Tquim needs for its storage and logistics operations. We will continue to support our customers as they expand their distribution capabilities in major markets across Brazil.”
 

Tquim is a 3PL company specializing in transportation and distribution of chemicals to its clients across Brazil. The customer is initiating new storage services in addition to its distribution business to meet growing demand from the chemical industry, and GLP São Bernardo do Campo provides the ideal location for the company’s operations.
 

GLP São Bernardo do Campo is part of GLP Brazil Income Partners I, in which GLP holds a 34,2% stake. It is located in the sub-market of São Bernardo do Campo, a major industrial and logistics hub within the São Paulo metropolitan region. The park has a total leasable area of 46,500 sqm (500,500 sq ft) and is adjacent to both Imigrantes and Anchieta highways, offering convenient access to the Port of Santos and São Paulo Ring Road which circumnavigates South America’s largest city.


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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