GLP Leases 32,000 sqm (344,000 sq ft) to Yunda Express in China

GLP Leases 32,000 sqm (344,000 sq ft) to Yunda Express in China

GLP has leased 32,000 sqm (344,000 sq ft) at GLP Park SND in Suzhou, Eastern China. The customer is Yunda Express, one of China’s largest express delivery companies, and this lease marks the beginning of their cooperation with GLP.

  • Yunda Express leases 32,000 sqm (344,000 sq ft) at GLP Park SND, Suzhou
  • New customer relationship for GLP with one of China’s largest express delivery companies
  • Shift towards e-commerce driving demand for logistics services in China

 

Singapore, 27 August 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 32,000 square meters (“sqm”) (344,000 square feet (“sq ft”)) at GLP Park SND in Suzhou, Eastern China. The customer is Yunda Express, one of China’s largest express delivery companies, and this lease marks the beginning of their cooperation with GLP.

Yunda Express will establish a sorting and distribution center at GLP Park SND to meet the increasing demand for e-commerce-related delivery services in Suzhou and Wuxi, two major consumption centers in Eastern China.

Kent Yang, President of GLP China, said: “Demand for modern logistics facilities from the third party express delivery industry remains strong in China, thanks to the continuing growth in domestic consumption and shift towards e-commerce. We are delighted that a fast-growing company such as Yunda Express has chosen GLP as its first specialized logistics facility provider, and we look forward to building on this cooperation.”

Liu Xiaoguang, Director of Industrial Engineering, Yunda Express, commented: “GLP’s strategic locations, high-quality facilities and high standards of property management were key factors in our decision-making. We believe that GLP’s national network and excellent customer service will strongly support the growth of our business.”

GLP Park SND is located in Suzhou New District (SND), close to downtown Suzhou. It enjoys an extensive transportation network connecting to all the major cities in the Yangtze River Delta including Shanghai, Suzhou, Wuxi and Nanjing, which, together with the competitive cost of doing business in Suzhou, make it an ideal choice for logistics distribution.



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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