GLP Leases 70,000 sqm (754,000 sq ft) in Greater Tokyo

GLP Leases 70,000 sqm (754,000 sq ft) in Greater Tokyo

GLP has signed four new lease agreements totaling 70,000 sqm (754,000 sq ft) with industry leading retailers and a 3PL service provider in Greater Tokyo. The customers are using the facilities to support domestic distribution needs for retail stores and e-commerce.

  • GLP establishes new customer relationships with a leading entertainment company and a major international retailer
  •   Extended partnerships with H&M and SENKO
  •   GLP’s modern logistics facilities form an important cornerstone of an efficient distribution network which can drive value and higher service quality for our customers

 

Singapore, 7 January 2015 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed four new lease agreements totaling 70,000 square meters (“sqm”) (754,000 square feet (“sq ft”)) with industry leading retailers and a third-party logistics (“3PL”) service provider in Greater Tokyo. The customers are using the facilities to support domestic distribution needs for retail stores and e-commerce.

With these leases, GLP is extending its collaboration with two key customers: SENKO Co., Ltd., a leading 3PL provider in Japan, and H&M Hennes & Mauritz Japan Co., Ltd., (“H&M”) a leading international retailer. Two new customer relationships have also been established.

The following details the new lease agreements:

  • 　33,000 sqm (355,000 sq ft) at GLP Urayasu II, now 100% leased
  • 　31,000 sqm (334,000 sq ft) of leases at a Greater Tokyo property
  • 　6,000 sqm (65,000 sq ft) at GLP Kawasaki, now 100% leased


Yoshiyuki Chosa, President of GLP Japan said, “Demand for modern logistics facilities remains strong in Japan.  We are excited to establish two new customer relationships while expanding our partnership with existing long-term partners. GLP’s high-quality facilities and strategic locations enable customers to deliver the highest levels of service and logistics efficiency. We look forward to supporting our customers as they continue to grow in Japan.”

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 3PL (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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