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GLP signed leasing agreements on 65,000 square meters (about 700,000 square feet) in China; consumer goods promoted the demand

Time:December 11 2014

GLP signed leasing agreements on 65,000 square meters (about 700,000 square feet) in China, including:

1. The leasing agreement on 31,000 square meters (about 334,000 square feet) with leading online retailers

2. The leasing agreement on 22,000 square meters (about 237,000 square feet) with two leading third party logistic companies

3. The leasing agreement on 12,000 square meters (about 129,000 square feet) with one of the biggest retail chains for beauty and healthy care products

On 12 11, 2014, Singapore. GLP, the leading modern logistics facility provider in China, Japan and Brazil, and four industrial leading enterprises signed new leasing agreements on total 65,000 square meters (about 700,000 square feet) in six cities in China. All new leasing agreements were signed with existing customers of GLP.

The leased facilities will be used to meet the growth of domestic consumption, and demand on distribution of online and offline retail consumer goods.

Yang Chuande, the president of GLP China, expressed, "We are glad to deepen cooperation with customers in the industries of retailing and third party logistics. The growth of both retailing and e-commerce sales continues to promote the market demand on GLP's modern logistics facilities, and the strong demand of existing customers on leasing highlights the quality and value creation of GLP. We look forward to further supporting customers to develop business in China."

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