GLP Pre-leases 24,000 sqm (258,000 sq ft) to A Multi-national Consumer Goods Company in China

GLP Leases 13,000 sqm to Expanding 3PL Company in Japan

GLP has signed a new lease agreement of approximately 13,000 sqm (140,000 sq ft) in Fukuoka, Japan. This lease is the first signed between GLP and CL Co., Ltd, an expanding 3PLcompany dealing with consumer and pharmaceutical products

  • New customer relationship for GLP
  • GLP Chikushino is 100% leased

 

Singapore, 22 July 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has signed a new lease agreement of approximately 13,000 square metres (“sqm”) (140,000 square feet (“sq ft”)) in Fukuoka, Japan. This lease is the first signed between GLP and CL Co., Ltd, an expanding third-party logistics (“3PL”) company dealing with consumer and pharmaceutical products.

Yoshiyuki Chosa, President of GLP Japan said, “We are pleased to sign this new agreement to support our customer’s growth and improve their logistics network. As the demand for fast and accurate delivery is ever-increasing, modern specifications and the ability to maximize operational efficiency has become an important factor for our customers. Our properties are located in great locations, which will leverage our customers’ ability to serve key markets throughout Japan. ”

CL Co., Ltd is expanding their logistics network to meet customer demand and will utilize GLP Chikushino as its main distribution center within the region. In addition to the strategic location, the property’s large floor plates – which are rare in the region – were an important consideration for the customer.
GLP Chikushino is conveniently located 4-km from the Kyushu expressway and enjoys great access to Fukuoka city – the fourth-largest city in Japan by GDP – and neighbouring prefectures. As part of the property’s recent refurbishment program, new lifts were installed and office areas renovated. The lease ratio at GLP Chikushino currently stands at 100%.

 


About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the largest provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21 million square meters (226 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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