Global Logistic Properties Limited (GLP) announced that it has signed two new lease agreements totalling 78,000 sq m in eastern and northern China. The customers are using the facilities to support distribution needs for e-commerce and retail stores.
With the signing of the first lease, for 67,000 sq m, GLP has established a new customer relationship with an international fashion retailer. The second lease is to a smart phone manufacturer and existing client for an additional 11,000 sq m.
Kent Yang, President of GLP China said, “Increasing expansion of organized retail and e-commerce continue to drive demand for GLP’s modern logistics facilities in China. Our customers focus on domestic consumption. These leases highlight how customers from a wide variety of industries can leverage our network to increase their logistics efficiency. We look forward to supporting our customers’ further business expansion in China.”
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