GLP Leases 13,000 sqm (140,000 sq ft) in China to Geodis
GLP has signed a lease agreement for 13,000 sqm (140,000 sq ft) with Geodis Group, one of the world’s largest supply chain solutions providers, at GLP Park Suzhou, Eastern China.
- GLP leases 13,000 sqm (140,000 sq ft) to Geodis, a leading global supply chain solutions provider, at GLP Park Suzhou, Eastern China
- Geodis leases a total of 46,000 sqm (495,000 sq ft) with GLP across three cities in China and Brazil
Singapore, 26 November 2013 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed a lease agreement for 13,000 square meters (“sqm”) (140,000 square feet (“sq ft”)) with Geodis Group (“Geodis”), one of the world’s largest supply chain solutions providers, at GLP Park Suzhou, Eastern China.
Including the lease agreement announced today, Geodis leases a total of 46,000 sqm (495,000 sq ft) with GLP across three cities in China and Brazil. Geodis has been a GLP customer since 2009 when they began leasing facilities at GLP Park Pudong Heqing in Shanghai.
Kent Yang, President of GLP China, said: “We are delighted to strengthen our relationship with Geodis. We communicate with clients regularly in order to address their business needs. As a result, our customers can enjoy best-in-class solutions across 33 major cities in China, giving them a competitive edge in distributing to consumers.”
SK Yeung, Managing Director of Geodis Wilson Greater China, said: “We are pleased to expand our relationship with GLP through this new agreement. We have been very satisfied with their extensive network, high-quality facilities and professional service. GLP is the first place we look when we expand in China, and we look forward to strengthening our relationship further.”
GLP Park Suzhou is the first park that GLP developed in China. As of September 30 2013, the Park comprises 544,000 sqm (5.9 million sq ft) of completed warehouse facilities. Located in Suzhou Industrial Park, GLP Park Suzhou has convenient access to several expressways connecting major cities in the Yangtze River Delta, including Shanghai, Nanjing and Hangzhou.
Geodis is a leading global supply chain solutions provider with an international network covering 120 countries around the world. It is ranked among the top five European logistics companies and offers value-added logistics solutions across the entire supply chain: distribution, logistics, full and part loads, air and sea freight as well as reverse logistics.
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 22.4 million square meters (241 million square feet) is strategically located across 62 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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