Global Logistic Properties (GLP) announced that it has signed new agreements totalling 65,000 sq m with four separate companies in six locations across China. All the new agreements have been signed with existing customers.
The facilities will be used to cater to growing domestic consumption, distributing consumer products sold online and in retail stores. The 65,000 sq m is comprised of 31,000 sq m to an e-commerce retailer, 22,000 sq m to two third-party logistics providers and 12,000 sq m to a health and beauty retail chain.
Kent Yang, President of GLP China said, “We are excited to deepen our collaboration with our retail and third-party logistics customers. Growing retail and e-commerce sales continue to drive demand for GLP’s modern facilities and strong leasing demand from repeat customers highlights the value creation and quality that GLP provides.”
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