GLP Receives Urban Land Institute 2014 Global Award for Excellence
GLP is pleased to announce that GLP Misato III, its large-scale, multi-tenant logistics facility located in Greater Tokyo, Japan, has been selected as one of 13 projects worldwide to receive the Urban Land Institute (“ULI”) 2014 Global Award for Excellence.
- GLP Misato III, a newly completed modern logistics facility in Greater Tokyo, selected as one of 13 projects worldwide to win prestigious ULI award
- Property is 100% leased and the first logistics facility in Japan to attain LEED Platinum certification
- GLP continues to be at the forefront of developing logistics facilities that achieve both environmental excellence and solid financial returns
Singapore,23October 2014– Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, is pleased to announce that GLP Misato III, its large-scale, multi-tenant logistics facility located in Greater Tokyo, Japan,
has been selected as one of 13 projects worldwide to receive the Urban Land Institute (“ULI”) 2014 Global Award for Excellence.
The Awards recognize real estate projects that achieve a high standard of excellence in design, construction, economics, planning and management and is widely recognized as the most prestigious honor in the global real estate industry.
Jeffrey H. Schwartz, Chairman of GLP’s Executive Committee, said: "We are delighted to be recognized by Urban Land Institute. Our team in Japan are true pioneers and this award is a testament to their ingenuity and hard work. Sustainable development remains at the forefront of our goals. We believe this creates a more resilient portfolio overall while improving environmental and social development in the communities in which we operate.”
M. Leanne Lachman, Jury Chaiman, ULI Global Awards for Excellence, and President, Lachman Associates, said: “GLP Misato III sets the stage for the future of the logistics market in Japan. It is an excellent example that both environmental excellence and solid financial returns can be achieved through the implementation of innovative measures, making it a deserving recipient of the ULI Global Award for Excellence.”
About GLP Misato III
GLP Misato III is a 95,000 square meters (“sqm”) (1 million square feet (“sq ft”)) modern logistics facility in Saitama Prefecture, Greater Tokyo, Japan. Completed in May 2013, the property is 100% leased.
GLP Misato III is the first logistics facility in Japan to attain LEED Platinum certification. The five-story facility is equipped with dual ramps allowing service vehicles to drive up to each floor, demonstrating the effectiveness of land use in a country where land is limited. GLP Misato III is equipped with pioneering advanced features like seismic isolators that absorb 75% of all shock caused by earthquakes and roof top solar panels that promote renewable energy. Other amenities include backup generators, emergency sewage systems, LED lighting, showers and a cafeteria which ensure customer’s business continuity while also creating a safe and comfortable working environment for the 500 over employees working at the facility.
GLP Misato III
About ULI
ULI is an international non-profit education and research institute whose mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities. Established in 1936, ULI has more than 32,000 members from around the world representing all aspects of land use and development disciplines.The 2014 Awards attracted 200 entries from around the world. After a round of written submission followed by a site inspection, 13 winners were picked and announced at ULI's Fall Meeting in New York City on 22 October 2014.For more information about ULI, seehttp://www.uli.org.
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 27 million square meters (290 million square feet) is strategically located across 76 cities, forming an efficient logistics network serving almost 800 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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