GLP Leases 9,400 sqm (101,000 sq ft) in Brazil

GLP Leases 9,400 sqm (101,000 sq ft) in Brazil

GLP has leased 9,400 sqm (101,000 sq ft) of GFA to Atlas Transporte & Logistica, one of Brazil’s largest 3PL providers. The customer will fully occupy the second building at GLP Guarulhos in São Paulo, completed in May 2013, to establish its main distribution center in Brazil. The completed buildings at GLP Guarulhos are now 100% leased.

  • GLP leases second completed building comprising 9,400 sqm (101,000 sq ft) at GLP Guarulhos in São Paulo
  • New customer relationship for GLP with Atlas Transported & Logistical, one of Brazil’s largest third-party logistics providers
  • Completed buildings at GLP Guarulhos are 100% leased

 

 

Singapore, 26 August 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 9,400 square meters (“sqm”) (101,000 square feet (“sq ft”)) of gross floor area (“GFA”) to Atlas Transported & Logistical, one of Brazil’s largest third-party logistics providers (“3PL”). The customer will fully occupy the second building at GLP Guarulhos in São Paulo, completed in May 2013, to establish its main distribution centre in Brazil. The completed buildings at GLP Guarulhos are now 100% leased.

 

Jeffrey H. Schwartz, Co-Founder of GLP and Chairman of the Executive Committee said, “GLP Guarulhos is an unprecedented offering in Brazil. With its strategic location, expansive scale and industry-leading building specifications, GLP Guarulhos is well-positioned to be Brazil’s finest master-planned logistics park.”

 

Atlas Transported & Logistical is one of Brazil’s largest 3PL companies, offering integrated logistics solutions and catering to a wide range of industries that are benefitting from Brazil’s growing domestic consumption, such as pharmaceuticals, automotive parts, computers and electronics.

 

GLP Guarulhos is part of GLP Brazil Development Partners I, in which GLP holds a 41.3% stake. The development will be constructed over a period of four years and will comprise 17 buildings with a total GFA of up to 390,000 sqm (4.2 million sq ft). It is located on the Dutra highway, which connects São Paulo and Rio de Janeiro, inside the first toll booth leaving São Paulo and has a private overpass access to the Dutra highway.

 

Appendix

Name of Facility: GLP Guarulhos

Location: Guarulhos, São Paulo, Brazil

Total gross floor area (GFA): 390,000 sqm (4.2 million sq ft)

Total gross leasable area (GLA): 420,000 sqm (4.5 million sq ft)

Completed GFA: 40,000 sqm (430,000 sq ft)

Completed GLA: 47,000 sqm (506,000 sq ft)


About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited (“GLP”) is the largest provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21.4 million square meters (226 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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