GLP Leases 23,000 sqm to A Major E-Commerce Company

Singapore, 8 November 2012 - Global Logistic Properties Limited (“GLP”), one of the world’s largest providers of modern logistics facilities, with a market-leading presence in China and Japan, today announced that it has signed approximately 23,000 square metres (“sqm”) (248,000 square feet (“sq ft”))  of new leases in Shenyang and Qingdao, North China with one of the top three e-commerce companies in China. The customer, one of our top 10 tenants in China by leased area, now leases around 105,000 sqm (1,133,000 sq ft) with GLP.

“We are delighted that this major Chinese e-commerce company has chosen to extend its relationship with GLP,” said Kent Yang, Managing Director of GLP China. “We are seeing strong demand from across the retail sector, particularly from e-commerce, with online retailers currently representing around 18% of our total leased area in China. These new leases demonstrate the appeal of our best-in-class logistics platform and our continued ability to meet our customers’ growing needs for high quality logistics facilities in strategic locations.”

 

The two new leases comprise 12,000 sqm (129,000 sq ft) of logistics facilities at GLP Park Hunnan in Shenyang, Liaoning Province, signed in late-September, and 11,000 sqm (118,000 sq ft) at our facilities in GLP Park Qingdao Airport (West) in Qingdao, Shandong Province, signed in late-October. The customer will operate these facilities as distribution centres to enhance its logistics efficiency in these regions.

 

GLP Park Hunnan is located at the heart of Shenyang's development zone, South East to the city centre. It is a major link between the downtown of Shenyang and the surrounding cities in the economic zone, such as Fushun, Benxi and Liaoyang. The Park currently consists of two single-floor inventory buildings offering 47,000 sqm (509,000 sq ft) of logistics facilities, recently completed in Q213, with a further 26,000 sqm (279,000 sq ft) under construction.

 

Located in Qingdao Liuting International Airport Industrial Zone, GLP Park Qingdao Airport (West) has access to an excellent transportation network and complete infrastructure facilities. The park consists of nine buildings offering 83,000 sqm (895,000 sq ft) of high quality industrial and office space.

 

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties (GLP) is one of the world’s largest providers of modern logistics facilities, with a market-leading presence in China and Japan. It owns, manages and leases out 446 completed properties in 187 logistics parks spread across 36 major cities in China and Japan, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible Multi-tenant, Build-to-suit and Sales-and-leaseback solutions, GLP is dedicated to improving supply-chain efficiency for the strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Main

board of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI).

 

Issued by: Global Logistic Properties Limited

Investor relations & Media Team

Email: investor.relations@glprop.com

 

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

 

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