GLP Leases 29,000 sqm (312,000 sq ft) in Japan to Major 3PL Company

GLP Leases 29,000 sqm (312,000 sq ft) in Japan to Major 3PL Company

GLP has signed approximately 29,000 sqm (312,000 sq ft) of new leases in Greater Tokyo and Osaka with a major 3PL provider. Following these agreements, the first lease contract between GLP and the customer, the lease ratio at GLP Kawasaki, GLP Kadoma and GLP Osaka II stands at over 99%.

  • Agreement for leases at three facilities across Greater Tokyo and Osaka
  • GLP Kadoma, GLP Kawasaki and GLP Osaka II all over 99% leased
  • Continued high demand for GLP facilities from 3PL companies

 

Singapore, 28 January 2013 – Global Logistic Properties Limited (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading presence in China, Japan and Brazil, announces that it has signed approximately 29,000 square metres (“sqm”) (312,000 square feet (“sq ft”)) of new leases in Greater Tokyo and Osaka with a major third party logistics (“3PL”) provider (“the customer”). Following these agreements, the first lease contract between GLP and the customer, the lease ratio at GLP Kawasaki, GLP Kadoma and GLP Osaka II stands at over 99%.

 

Yoshiyuki Chosa, President of GLP Japan, said: “We are seeing increasingly strong demand from 3PL companies. These new leases, at three separate facilities, reflect the attractiveness of our strong network of modern logistics properties, high service levels and experienced staff, as well as our ability to provide the best-in-class solutions to our customers.”

 

The following details the recently signed new lease agreements. 

 

  • 12,200 sqm (131,000 sq ft) leased at GLP Kadoma, located 10km east of Osaka’s central business district. 
  • 9,300 sqm (100,000 sq ft) leased at GLP Kawasaki in Greater Tokyo. Strategically located within 5km proximity of Tokyo International (Haneda) airport and Port of Kawasaki; and 13km proximity of Tokyo’s Oi Container Terminal port and the Port of Yokohama, GLP Kawasaki is an ideal hub for domestic distribution in Japan. 
  • 7,200 sqm (78,000 sq ft) leased at GLP Osaka II, which is situated within 15km from central Osaka via the Hanshin Expressway. 

 

Overview of GLP Properties

Name of facility: GLP Kadoma

Location: Kadoma-city, Osaka city, Osaka Prefecture

Gross floor area (GFA):12,550 sqm (135,100 sq ft)

Net lettable area (NLA):12,212 sqm (131,450 sq ft)

 

Name of facility: GLP Kawasaki

Location: Kawasaki city, Kanagawa Prefecture

Gross floor area (GFA): 160,286 sqm (1.7 million sq ft)

Net lettable area (NLA): 107,256 sqm (1.2 million sq ft)

 

Name of facility: GLP Osaka II

Location: Suminoe ward, Osaka city, Osaka Prefecture

Gross floor area (GFA): 135,822 sqm (1.5 million sq ft)

Net lettable area (NLA): 113,968 sqm (1.2 million sq ft)

 

 


About Global Logistic Properties (www.glprop.com)

 

Global Logistic Properties (GLP) is one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil. It owns, manages and leases out 505 completed properties in 205 logistics parks spread across 60 cities and states in China, Japan and Brazil, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. Juega mejor sitio de juegos friv hoy. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (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

 

## END ##

DISCLAIMER:

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP’s assumptions are correct.