GLP leases 84,000 sq m to 3PLs in China


Global Logistic Properties Limited (GLP) announced that it has signed new agreements totalling 84,000 sq m with six 3PL providers in China. With one of the new leases, GLP states that it has established a new customer relationship with a China state-owned logistics company. 

The customers are expected to use the facilities to support distribution needs for e-commerce and food-related products. GLP states that it continues to see 3PL providers positioning their distribution networks across China to cater for e-commerce fulfilment and cold chain logistics.

Kent Yang, President of GLP China said, “Domestic consumption and e-commerce continue to drive demand for modern logistics facilities. These new leases highlight the quality of GLP’s logistics facilities and the value creation we provide. We are delighted to be supporting the needs of our third-party logistics customers and look forward to extending these partnerships in the future.”

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