Infrastructure | 100 days ago |

Global Logistic Properties Limited (GLP), the market leader in modern logistics facilities in China and Japan, has recently signed 86,900 square meters of new and expansion leases in its China portfolio. As of 31 December 2011, the Company has achieved a total leased area of approximately 5.8 Million square meters in China and a completed stabilized logistics properties lease ratio of 91 percent.

Kent Yang, Managing Director of GLP China said: “The robust leasing momentum is a testament to the great partnerships between our customers and GLP. Our ability to deliver consistent and comprehensive logistics services has helped us cement our close corporate relationships and market leadership in China.”

The following are recently-signed major new lease agreements.  All customers cater to domestic demand in China.

  •  52,500 sqm leased to Dahang International Transportation, a subsidiary of Hitachi Transport System Ltd, at GLP Tianjin Pujia in Tianjin, Northern China. Situated in Tianjin Xiqing Economic Development Area, the state-of-the-art facilities are positioned to support distribution activities in the region for a world-leading manufacturer of baby care, feminine care and health care products.
  •  24,400 sqm leased to Ihush, an online retailer selling discounted branded young fashion, at GLP Park Kunshan in Suzhou, Jiangsu, China. The space serves as a regional distribution centre to facilitate the supply chain of the growing e-commerce company.
  •  10,000 sqm pre-leased to Deppon Logistics, a leading domestic third-party logistics provider (“3PL”), for its regional distribution centre in Northeast China. The customer will occupy the space at GLP Park Hunnan in Shenyang, Liaoning Province in May 2012 when construction is scheduled to be completed.