GLP Pre-Leases 74,000 sqm in China to Leading Global E-Commerce Retailer

Singapore, 5 September 2012 - Global Logistic Properties Limited (“GLP”), one of the world’s largest providers of modern logistics facilities, with a market-leading presence in China and Japan, announces that it has signed a pre-lease expansion agreement of approximately 74,000 square metres (“sqm”) to a leading global e-commerce retailer, for its expanding fulfilment centre in GLP Park Wuqing in Tianjin, North China.

The project is the second phase of GLP Park Wuqing and is expected to be completed later this year. The first phase, where the customer currently occupies approximately 91,000 sqm, was delivered in April 2012. GLP Park Wuqing is the customer’s main regional distribution centre in North China, strategically located between Beijing and Tianjin, with convenient access to other key cities in the region.

"This significant pre-lease contract demonstrates how GLP’s tailored, modern solutions are invaluable to the world’s leading companies looking to expand in China,” said Kent Yang, Managing Director of GLP China. “It also highlights the continuing growth of the e-commerce sector, driven by strong Chinese domestic demand. E-Commerce customers currently represent around 16% of our completed logistics portfolio in China. With demand set to remain strong, coupled with a limited supply of modern logistics facilities in the country, GLP is well-positioned.”

Including the newly leased 74,000 sqm in Tianjin, GLP has leased a total 288,000 sqm in Beijing, Shenyang, Suzhou, Chengdu and Tianjin to the customer, making them one of GLP’s largest customers in China by leased area.

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties (GLP) is one of the world’s leading providers of modern logistics facilities, with a market-leading position in China and Japan. It owns, manages and leases out 446 completed properties in 187 logistics parks spread across 36 major cities in China and Japan, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI).

 

Investor Relations & Media Team

Email: investor.relations@glprop.com

 

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations   

Tel: +65 6643 6372

Email: agoel@glprop.com

 

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