GLP Signs 49,100 sqm in Suzhou, China
Singapore, 30 October 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, announced that it has signed two lease agreements totalling 49,100 square metres (“sqm”) (528,500 square feet (“sq ft”)) at GLP Park Suzhou Industrial (Genway), bringing the park’s occupancy rate to 91% as of the end of September.
Kent Yang, Managing Director of GLP China, said: “These two major leases demonstrate our ability to provide customers with integrated value-added logistics solutions and help them improve supply chain efficiency. We are pleased to further strengthen our relationships with these two important companies and we look forward to helping them grow across the country.”
The two recently signed lease agreements, both at the newly completed facilities at Phase III in GLP Park Suzhou Industrial (Genway):
- 30,800 sqm (331,500 sq ft) newly leased to Senko, a leading Japanese third party logistics provider and already one of GLP Japan’s top 10 customers, for its regional distribution centre in East China. This lease marks the first collaboration between the two companies in China and Senko has expressed interest in further expansion with GLP as its business grows.
- 18,300 sqm (197,000 sq ft) leased to one of the world’s largest confectionery, food and beverage conglomerates for the expansion of their regional distribution centre to fulfil the growing needs from the domestic consumer market. The customer signed a lease agreement for 14,500 sqm (156,000 sq ft) in GLP Park Suzhou Industrial (Genway) in early 2012.
Strategically located at the centre of Suzhou Industrial Park (“SIP”), GLP Park Suzhou Industrial (Genway) provides high-quality standard industrial space and Built-To-Suit factory space. GLP Park Suzhou Industrial (Genway) can be accessed within one hour via expressway from Shanghai, Shanghai Airport and other key transportation hubs. The state-of-the-art facilities are the ideal choice as distribution or transfer centres for retailers and manufacturers based in SIP. The 3rd phase of the park, with gross floor area of 103,600 sqm (1,115,141 sq ft), consists of 2 single-floor buildings and 2 double-floor buildings. The park is jointly developed by GLP and Genway Group.
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (GLP) is one of the world’s largest providers of modern logistics facilities, with a market-leading presence 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).
Issued by: Global Logistic Properties Limited
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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