GLP Leases 146,000 sqm (1.6 Million sq ft) to Leading 3PLs in China

GLP Leases 146,000 sqm (1.6 Million sq ft) to Leading 3PLs in China

GLP has signed new lease agreements totaling 146,000 sqm (1.6 million sq ft) with leading 3PL providers in China. All of the customers are catering to domestic consumption across a variety of industries including e-commerce, home appliances, fast-moving consumer goods and auto parts.

  • GLP has signed agreements totaling 146,000 sqm (1.6 million sq ft) with six leading third-party logistics providers in China including Best Logistics, Deppon Logistics and Goodaymart
  • Demand for modern logistics facilities driven by consumer products and e-commerce
  • Repeat customers leverage GLP’s unrivaled network to scale up distribution capability

 

Singapore, 2 June 2015 – Global Logistic Properties Limited (“GLP”), the leading global provider of modern logistics facilities, has signed new lease agreements totaling 146,000 square meters (“sqm”) (1.6 million square feet (“sq ft”)) with leading third-party logistics (“3PL”) providers in China. All of the customers are catering to domestic consumption across a variety of industries including e-commerce, home appliances, fast-moving consumer goods and auto parts.

Five of the new leases are signed with repeat customers. They include Best Logistics, Deppon Logistics and Goodaymart, three of GLP’s top 10 largest customers by leased area in China.

Kent Yang, President of GLP China, said: “Repeat customers continue to drive demand for our modern logistics facilities. As domestic consumption continues to grow, we are seeing increasing demand for GLP’s modern logistics facilities. Our unrivaled network enables our customers to rapidly scale up distribution capabilities in premium locations.We look forward to supporting our customers as they continue to expand across China.”

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited (“GLP”) is a leading global provider of modern logistics facilities. As of 31 March 2015, GLP’s US$28 billion property portfolio encompasses 41 million square meters (441 million square feet) of logistics facilities across China, Japan, Brazil and the United States.
 

GLP remains focused on being the best operator in each of its markets, creating value through developments and expanding its fund management platform. GLP’s customers include some of 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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