GLP Leases 22,000 sqm (237,000 sq ft) to Two Industry-Leading Manufacturers in China

GLP Leases 22,000 sqm (237,000 sq ft) to Two Industry-Leading Manufacturers in China

GLP has signed lease agreements totalling 22,000 sqm (237,000 sq ft) to two industry-leading manufacturers in China.

  • 11,000 sqm (118,000 sq ft) lease at GLP Park CDHT, Chengdu, Midwestern China
  • 11,000 sqm (118,000 sq ft) pre-lease at GLP Park Suzhou Industrial (Genway), Suzhou, Eastern China

 

Singapore, 9 September 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has signed lease agreements totalling 22,000 square meters (“sqm”) (237,000 square feet (“sq ft”)) to two industry-leading manufacturers in China.

Kent Yang, President of GLP China, said: "By combining state-of-the-art facilities and top quality service in advanced industrial zones with exceptional transportation infrastructures, the two GLP parks support the needs of our customers by providing efficient product manufacturing and distribution. We look forward to serving these industry leaders further as they continue to expand across China."

The following details the new lease agreements:

  • Tontec, a leading manufacturer of high-precision molds, has leased 11,000 sqm (118,400 sq ft) at GLP Park CDHT in Chengdu, Midwestern China. Situated in the Chengdu Development High-Tech Zone, GLP Park CDHT provides high-quality logistics facilities in a location that has convenient access to several expressways and downtown Chengdu.
  • API Group, a global leader in heat transfer solutions, has pre-leased 11,000 sqm (118,400 sq ft) at GLP Park Suzhou Industrial (Genway), Eastern China. Located at the center of Suzhou Industrial Park, GLP Park Suzhou Industrial (Genway) is connected to the main consumption centers of Shanghai and Suzhou through a convenient and highly efficient transportation network. API has been a customer of GLP since 2004.


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 21.4 million square meters (230 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 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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