GLP ASP Appointed Asset Manager of Largest Integrated Agricultural Supply Chain Facility in Linyi, Shandong
Shanghai, 4 November 2022 – GLP Asset Service Platform (ASP) announced that it has signed a contract with the Zhongnong Finance Agricultural and Sideline Products Grain and Oil Industrial Park to provide asset management and operation services. ASP is the customer-oriented asset management platform of GLP, deploying operations support, a suite of services and advanced technologies to provide full life cycle asset management services for GLP-owned and external logistics and industrial parks. ASP currently manages over 500 logistics and industrial parks and serves over 3000 customers.
Zhongnong Finance Agricultural and Sideline Products Grain and Oil Industrial Park is a 800,000 sqm park that will support the trading, storage and distribution of agricultural supply chain products in Linyi, Shandong. The park is set to be a multi-purpose “commerce-warehouse-logistics” complex for agricultural products providing facilities for cold chain storage, processing and distribution, goods inspection and animal quarantine, e-commerce trading and more. As the appointed asset manager, ASP will provide smart park solutions, rental advisory and services, employing advanced technologies to continuously optimize the operational efficiency and asset value of the park.
Linyi City is located on the border of Shandong Province and Jiangsu Province and within the Yangtze River Delta Economic Circle and the Bohai Sea Rim Economic Circle. Given its geographic location, the city is now the largest trade and logistics hub in northern China, hosting 131 professional wholesale markets trading a wide range of goods. The Zhongnong Finance Agricultural and Sideline Products Grain and Oil Industrial Park project has been recognized as a Linyi City Key Project and Provincial Rural Revitalization Key Project for two consecutive years.
Kai Wang, Vice President of Business Development of GLP ASP, said, “Given its advantageous location, Linyi is a vital hub for logistics and commerce in China. ASP’s appointment as the asset manager of a project of such scale affirms our operational expertise and ability to manage multi-purpose business facilities to continuously enhance efficiency and property value.”
To date, GLP ASP has over 40 million sqm of assets under management in more than 80 cities in China, providing planning and consulting services to over 40 million sqm of assets. Through technological transformations, GLP ASP continues to create value for its clients and investors and create great economic value through arming assets with digitalized smart operations.