GLP Leases 53,000 sqm (570,000 sq ft) to Leading Global FMCG Company in China

GLP Leases 53,000 sqm (570,000 sq ft) to Leading Global FMCG Company in China

GLP has signed a lease agreement of approximately 53,000 sqm (570,000 sq ft) with a leading FMCG company at GLP Park Hefei Hi-Tech in Hefei, Anhui Province, Midwestern China. The customer will use the facilities to establish a regional distribution center mainly serving Eastern China amid growing demand for its products.

  • A leading global fast-moving consumer goods (“FMCG”) company will establish a regional distribution center at GLP Park Hefei Hi-Tech in Hefei, Midwestern China
  • With this agreement, GLP Park Hefei Hi-Tech is 100% leased
  • Growth in domestic consumption driving demand for GLP’s facilities

 

Singapore, 19 March 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed a lease agreement of approximately 53,000 square meters (“sqm”) (570,000 square feet (“sq ft”)) with a leading FMCG company at GLP Park Hefei Hi-Tech in Hefei, Anhui Province, Midwestern China.

The customer will use the facilities to establish a regional distribution center mainly serving Eastern China amid growing demand for its products. With this agreement, GLP Park Hefei Hi-Tech is now 100% leased.
 

Kent Yang, President of GLP China, said: “Domestic sales of consumer goods in China continue to grow, driving demand for modern logistics facilities. This new lease agreement highlights the quality of GLP’s logistics facilities and the strength of our network. We are committed to providing our customers with best-in-class facilities and service as they expand across China.”
 

GLP Park Hefei Hi-Tech is situated in the Hefei Hi-Tech Industrial Development Zone, an important manufacturing base in the region. It offers high-quality facilities in a strategic location for city and regional distribution and has convenient access to Hefei Ring Expressway, downtown Hefei and Hefei Xinqiao International Airport.
 

The customer is one of the five largest FMCG manufacturers in the world, selling hundreds of brands to over two billion consumers on six continents, including a number of brands that each generates more than US$1 billion in sales annually.



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 23.4 million square meters (252 million square feet) is strategically located across 63 cities, forming an efficient logistics network serving more than 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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