SENKO Expands Relationship with GLP in Greater Tokyo, GLP Atsugi 100% Leased

SENKO Expands Relationship with GLP in Greater Tokyo, GLP Atsugi 100% Leased

GLP has signed a new lease agreement for 6,500 sqm (70,000 sq ft) in Greater Tokyo with SENKO Co., Ltd., a major 3PL provider and one of GLP Japan’s largest customers by leased area. With this newly signed agreement, GLP Atsugi is 100% leased.

  • SENKO, one of GLP’s largest customers in Japan, expands 6,500 sqm (70,000 sq ft) at GLP Atsugi in Greater Tokyo
  • With this newly signed agreement, GLP Atsugi is 100% leased
  • Growth in domestic consumption driving demand for modern logistics facilities

 

Singapore, 18 August 2014 – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed a new lease agreement for 6,500 square meters (“sqm”) (70,000 square feet (“sq ft”)) in Greater Tokyo with SENKO Co., Ltd., a major third party logistics (“3PL”) provider and one of GLP Japan’s largest customers by leased area. With this newly signed agreement, GLP Atsugi is 100% leased. The customer will use the facility to cater to rising domestic consumption demand in Kanagawa sub-market, a major distribution center for the Greater Tokyo region.

 

Yoshiyuki Chosa, President of GLP Japan, said: “We are focused and committed to providing our customers with the best possible solutions with our facilities and are excited to strengthen our relationship with SENKO through this lease. With our strong logistics network and scale, GLP is well positioned to support the growing needs of our customers.”
 

SENKO is a major 3PL service provider in Japan, offering comprehensive logistics services for a wide range of customers across industry sectors including apparel, healthcare, nursing care, housing and chemicals. The customer now leases 98,000 sqm (1 million sq ft) with GLP in Japan.
 

GLP Atsugi is a newly completed 100,000 sqm (1.1 million sq ft) multi-tenant logistics facility with excellent access to the Tokyo Metropolitan area. It is strategically located within 1-km of the Sagamihara interchange of the Ken-O Expressway and is a development under GLP Japan Development Venture, a 50/50 joint venture between GLP and the Canada Pension Plan Investment Board.

 

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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