Three Leading Retailers Expand 89,000 sqm (958,000 sq ft) With GLP In China
GLP has signed new lease agreements totaling 89,000 sqm (958,000 sq ft) with three leading retailers in China, including Carrefour. The customers are expanding with GLP to meet growth in demand for domestic consumption.
- Carrefour and other two leading retailers sign 89,000 sqm (958,000 sq ft) of expansion leases with GLP in China
- Demand driven by growing domestic consumption
Shanghai, 8 October 2015 – GLP, the leading global provider of modern logistics facilities, has signed new lease agreements totaling 89,000 square meters (“sqm”) (958,000 square feet (“sq ft”)) with three leading retailers in China, including Carrefour. The customers are expanding with GLP to meet growth in demand for domestic consumption.
Kent Yang, President of GLP China, said: “Growing domestic consumption continues to drive demand for GLP’s modern facilities across China and we are very pleased to extend our partnership with these major retail leaders and support their growth.”
About GLP (www.glprop.com)
GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 42 million square meters (452 million square feet) portfolio of logistics facilities across China, Japan, Brazil and USA that cater to domestic consumption. GLP’s 4,000 customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. Fund management is an important and growing part of GLP’s business, providing significant capital to support sustainable long-term growth, while enhancing returns on GLP’s invested capital. As of 30 June 2015, the Company’s total assets amounted to US$29 billion.
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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