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2015/07/25/(Sat)

GLP Announces New Leases Totaling 81,000 sqm (872,000 sq ft) in China [Real Estate]

GLP, the leading global provider of modern logistics facilities, has signed new lease agreements totaling 81,000 square meters (“sqm”) (872,000 square feet (“sq ft”)) with five leading companies in the retail, e-commerce and third-party logistics (“3PL”) industries.

All of the customers are using the facilities for domestic distribution amid fast growing sales of consumer goods. With these leases, GLP strengthens relationships with existing customers including Best Logistics and establishes relationships with new customers including Jumei.

Kent Yang, President of GLP China, said: “We are excited to establish and further extend our relationships with these customers. As sales of consumer goods continues to rise in China, e-commerce and 3PL companies are driving demand for GLP’s modern logistics facilities in premium locations.We look forward to supporting our customers as they continue to expand in China.”

GLP is a leading global provider of modern logistics facilities. As of 31 March 2015, GLP’s US$28 billion property portfolio encompasses 41 million square meters (441 million square feet) of logistics facilities across China, Japan, Brazil and the United States.

GLP remains focused on being the best operator in each of its markets, creating value through developments and expanding its fund management platform. GLP’s customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

Posted at 16:23

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