GLP Leases 20,000 sqm (215,000 sq ft) in Brazil

GLP Leases 20,000 sqm (215,000 sq ft) in Brazil

GLP has signed new leases totaling 20,000 sqm (215,000 sq ft) in São Paulo with two leading companies in Brazil. These are new customer relationships for GLP.

  • GLP establishes new customer relationships
  • Leasing demand from the healthcare and third-party logistics industries
  • GLP’s well-located, high-quality logistics facilities drive efficiency and lower costs for customers

 

São Paulo, 2 June 2016 – GLP, the leading global provider of modern logistics facilities, has signed new leases totaling 20,000 square meters (“sqm”) (215,000 square feet (“sq ft”)) in São Paulo with two leading companies in Brazil. These are new customer relationships for GLP.


The following details the recently signed new lease agreements:

  • A leading global healthcare company has leased 13,000 sqm (140,000 sq ft) at GLP Guarulhos

  • A leading third-party logistics provider in Brazil has leased 7,000 sqm (75,000 sq ft) at GLP Campinas to serve domestic demand for mobile phone and related products


Mauro Dias, President of GLP Brazil, said: “Despite the challenging economic environment customers continue to lease from GLP as our high-quality and well-located facilities are able to help them reduce costs and maximize efficiency as they consolidate their operations.”

About GLP (www.glprop.com)

GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 52 million square meters (559 million square feet) portfolio of logistics facilities across China, Japan, US and Brazil that cater to domestic consumption. GLP’s 4,000 customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. Fund management is an important and growing part of GLP’s business, providing significant capital to support sustainable long-term growth, while enhancing returns on GLP’s invested capital. As of 31 March 2016, GLP’s total owned and managed assets amounted to US$36 billion.
 

GLP 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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