GLP Leases 37,000 sqm (398,000 sq ft) to Leading 3PLs in China

GLP Leases 37,000 sqm (398,000 sq ft) to Leading 3PLs in China

GLP has signed new agreements totaling 37,000 sqm (398,000 sq ft) with two leading 3PL providers in China. Both agreements are signed with existing GLP customers.

  • GLP leases 37,000 sqm (398,000 sq ft) to two leading third-party logistics providers in China
  • Expansion demand from repeat customers is a key driver of GLP’s business
  • GLP’s unrivaled network enables customers to flexibly expand distribution capability across China


Singapore, 19 January 2015 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed new agreements totaling 37,000 square meters (“sqm”) (398,000 square feet (“sq ft”)) with two leading third-party logistics (“3PL”) providers in China. Both agreements are signed with existing GLP customers.

Kent Yang, President of GLP China, said: “GLP’s network of well-located, modern logistics facilities enables us to meet our customers’ distribution needs in key markets across China. We continue to see strong demand for modern logistics facilities from the 3PL industry, driven by growing retail sales and domestic consumption. We are delighted to deepen our collaboration with our existing customers and we look forward to supporting their continued growth in China.”

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited (“GLP”) is a leading global provider of modern logistics facilities. As of 30 September 2014, GLP’s US$20 billion property portfolio encompasses 28 million square meters (301 million square feet) of logistics facilities across China, Japan and Brazil. GLP’s customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

In December 2014, GLP announced its entry into the United States via its best-in-class fund management platform. The transaction is expected to be completed in the first quarter of 2015.

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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