GLP Pre-leases 24,000 sqm (258,000 sq ft) to A Multi-national Consumer Goods Company in China

GLP Pre-leases 24,000 sqm (258,000 sq ft) to A Multi-national Consumer Goods Company in China

GLP has pre-leased 24,000 sqm (258,000 sq ft) to a leading global consumer goods company at GLP Park Jiangning in Nanjing, Eastern China. With the signing of the lease agreement, GLP Park Jiangning is 99% leased.

  • Leading global consumer goods company establishing its national distribution center at GLP Park Jiangning in Nanjing, Eastern China
  • The facility will be the customer’s largest in China
  • With this newly signed lease agreement, GLP Park Jiangning is 99% leased

 

Singapore, 22 August 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has pre-leased 24,000 square metres (“sqm”) (258,000 square feet (“sq ft”)) to a leading global consumer goods company (“the customer”) at GLP Park Jiangning in Nanjing, Eastern China. With the signing of the lease agreement, GLP Park Jiangning is 99% leased.

Building upon an existing relationship, this is the first direct cooperation between GLP and the customer. The customer will use the facilities to establish its national distribution center for finished products in China.

Kent Yang, President of GLP China, said: “We are excited to gain the trust and confidence of the customer to lease direct with us. The strategic location of our facilities will provide the customer with efficient connections to major consumption centers in China. We look forward to helping our customer optimize their logistics efficiency as they continue to grow.”

GLP Park Jiangning is strategically located within the Nanjing Jiangning Economic and Technological Development Zone (JNDZ), adjacent to the Nanjing Lukou International Airport. The park enjoys immediate access to several expressways which connect it to major consumption centers in the Yangtze Delta.

The customer is one of the world’s leading producers of personal care products, owning several famous global consumer brands and selling its products in over 175 countries.



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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