GLP Leases 24,000 sqm to Leading Hypermarket Operator in China

GLP Leases 24,000 sqm to Leading Hypermarket Operator in China

GLP has leased 24,000 sqm (258,000 sq ft) to one of the largest hypermarket operators in China, at GLP Park SND in Suzhou. This lease agreement marks the first collaboration between GLP and the customer.

  • Signs lease with one of the largest hypermarket chains in China
  • The customer is enhancing its distribution capacity in Eastern China with a 24,000 sqm (258,000 sq ft) lease in Suzhou

 

Singapore, 18 July 2013 – Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 24,000 square metres (“sqm”) (258,000 square feet (“sq ft”)) to one of the largest hypermarket operators (“the customer”) in China, at GLP Park SND in Suzhou. This lease agreement marks the first collaboration between GLP and the customer.

Kent Yang, President of GLP China, said: “We are excited to be partnering with this outstanding company. Our high-quality facilities in Suzhou offer excellent access to the major consumption centers in Eastern China. We look forward to helping customers improve their logistics efficiency as they grow in China.”

GLP Park SND is located in Suzhou New District (SND), close to downtown Suzhou. Its best-in-class facilities and strategic location, together with the competitive cost of doing business in Suzhou, make GLP Park SND an ideal choice for distribution into Shanghai and throughout Eastern China.

The customer is one of the largest and fastest growing hypermarket chains in China and has a network of over 200 hypermarkets across the country.



About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the largest provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21 million square meters (226 million square feet) is strategically located across 62 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world’s most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

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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