GLP Leases 14,000 sqm (150,000 sq ft) to A Leading Automotive Company in Brazil

GLP Leases 14,000 sqm (150,000 sq ft) to A Leading Automotive Company in Brazil

GLP has leased 14,000 sqm (150,000 sq ft) to one of the world’s largest automotive companies in Southern Brazil. The customer is expanding to meet increasing demand for auto parts from its authorized dealers in the region. This lease marks the first collaboration between the customer and GLP.

  • GLP establishes new customer relationship with one of the world’s largest automotive companies
  • Auto parts industry is a key driver of demand for GLP in Brazil
  • GLP’s modern, well-located facilities help customers establish efficient logistics operations for domestic distribution

 

Singapore, 13 January 2015 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 14,000 square meters (“sqm”) (150,000 square feet (“sq ft”)) to one of the world’s largest automotive companies in Southern Brazil. The customer is expanding to meet increasing demand for auto parts from its authorized dealers in the region. This lease marks the first collaboration between the customer and GLP.

Mauro Dias, President of GLP Brazil said: “We are delighted to establish this important customer relationship. The auto parts industry is a key driver of demand for GLP. Our modern, well-located warehouse facilities help customers establish efficient logistics operations for domestic distribution. We look forward to further supporting them as they continue to grow in Brazil.”

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 27 million square meters (290 million square feet) is strategically located across 76 cities, forming an efficient logistics network serving almost 800 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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