GLP Leases 17,000 sqm (180,000 sq ft) To Leading Sporting Company in Greater Tokyo

GLP Leases 17,000 sqm (180,000 sq ft) To Leading Sporting Company in Greater Tokyo

GLP has signed a new lease agreement of approximately 17,000 sqm (180,000 sq ft) at GLP Okegawa in Greater Tokyo, Japan. This lease is the first signed between GLP and the customer, one of Japan’s largest manufacturer and seller of sporting and athletic products.

  • One of Japan¹s largest manufacturer and seller of sporting and athletic products leases 17,000 sqm (180,000 sq ft) at GLP Okegawa in Greater Tokyo
  • Facility will be customer¹s largest distribution center in Japan; expected to improve cost efficiencies and service levels
  • Supply chain reconfiguration and growth in domestic consumption driving demand for modern logistics facilities in Japan

 

Singapore, 7 October 2013 - Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed a new lease agreement of approximately 17,000 square metres (“sqm”) (180,000 square feet (“sq ft”) at GLP Okegawa in Greater Tokyo, Japan. This lease is the first signed between GLP and the customer, one of Japan’s largest manufacturer and seller of sporting and athletic products. GLP Okegawa, which will be the customer’s largest distribution center in Japan, is expected to help the customer improve cost efficiencies and service levels.

Yoshiyuki Chosa, President of GLP Japan said, “Demand for modern, well-located logistics facilities remains strong as companies look to consolidate their distribution networks and drive greater supply chain efficiencies. With our strong logistics network and scale, GLP is well positioned to support the growing needs of our customers.”

GLP Okegawa’s strategic location in Saitama Prefecture, Greater Tokyo, makes it an ideal hub for domestic distribution. The facility will be within 1-km of Ken-O Expressway when the new interchange exit opens in 2014. With this agreement, GLP Okegawa is 100% leased.



About Global Logistic Properties (http://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 21.4 million square meters (226 million square feet) is strategically located across 66 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world¹s 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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