GLP Leases 27,000 sqm (291,000 sq ft) to Best Logistics in China

GLP Leases 27,000 sqm (291,000 sq ft) to Best Logistics in China

GLP has signed a new agreement with Best Logistics, a leading 3PL company, to lease 27,000 sqm (291,000 sq ft) in Mid-western China. Best Logistics will use the facility to serve customers from consumer goods and e-commerce industries. Best Logistics is a strategic partner and one of GLP’s largest customers in China by leased area.

  • Best Logistics’ strategic partnership with GLP extends to 13 cities across China
  • Domestic consumption and e-commerce fulfilment driving significant demand for modern logistics facilities in China
  • GLP’s unrivaled logistics network enables companies to rapidly scale up distribution capability, while focusing on their core businesses

 

Singapore, 2 July 2014  – Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed a new agreement with Best Logistics, a leading third-party logistics (“3PL”) company, to lease 27,000 square meters (“sqm”) (291,000 square feet (“sq ft”)) in Mid-western China.
 

Best Logistics will use the facility to serve customers from consumer goods and e-commerce industries. Best Logistics is a strategic partner and one of GLP’s largest customers in China by leased area.
 

Kent Yang, President of GLP China, said: "As the market leader, GLP is uniquely positioned to provide best-in-class logistics facilities that maximize supply chain efficiency and help meet the needs of domestic consumption-led growth in China. Our flexible solutions and extensive national network allow customers to focus on their core businesses, while supporting their expansion strategies. We look forward to supporting Best Logistics as they continue to grow across China.”
 

Johnny Chou, President and CEO of Best Logistics, said: “Given the lack of scale and capabilities, most e-commerce companies still prefer to outsource their delivery services to third-party express companies. We highly value our partnership with GLP. Their unrivalled network enables us to rapidly scale up distribution capability to meet our customers’ needs. We look forward to better serving our customers with the support of GLP.”
 

Best Logistics is one of China’s leading 3PL providers, with a focus on business-to-consumer distribution and last-mile delivery. It caters to a wide range of industries that are benefiting from China’s growing domestic consumption, such as e-commerce, fast moving consumer goods, clothing, consumer electronics, home appliances and automotive parts.



About Global Logistic Properties (www.glprop.com)
Global Logistic Properties Limited (“GLP”) is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 25 million square meters (272 million square feet) is strategically located across 63 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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