GLP Leases 58,000 sqm (624,000 sq ft) to Industry Leaders In China

GLP Leases 58,000 sqm (624,000 sq ft) to Industry Leaders In China

GLP has signed new lease agreements totaling 58,000 sqm (624,000 sq ft) with four leaders in the e-commerce, retail and automotive industries. All of the customers cater to domestic consumption and three are multi-location GLP customers including JD.com, RT-Mart and a leading global automotive manufacturer.

  • GLP has signed agreements totaling 58,000 sqm (624,000 sq ft) with four customers in China including JD.com and RT-Mart
  • Increasing demand for GLP’s modern logistics facilities driven by growing domestic consumption
  • GLP’s unrivaled network enables multi-location customers to quickly scale up their distribution networks


Singapore, 2 July 2015 – Global Logistic Properties Limited (“GLP”), the leading global provider of modern logistics facilities, has signed new lease agreements totaling 58,000 square meters (“sqm”) (624,000 square feet (“sq ft”)) with four leaders in the e-commerce, retail and automotive industries. All of the customers cater to domestic consumption and three are multi-location GLP customers including JD.com, RT-Mart and a leading global automotive manufacturer.

Kent Yang, President of GLP China, said: “We continue to see increasing demand for GLP’s modern logistics facilities driven by growing domestic consumption. These leases highlight the value of GLP’s unrivaled network of high-quality facilities, which enables our customers to ramp up their distribution capabilities across China.We look forward to supporting our customers as their businesses continue to grow.”

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited (“GLP”) is a leading global provider of modern logistics facilities. As of 31 March 2015, GLP’s US$28 billion property portfolio encompasses 41 million square meters (441 million square feet) of logistics facilities across China, Japan, Brazil and the US.

GLP’s growth strategy is centered on being the best operator, creating value through developments and expanding its fund management platform. 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.

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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