GLP pre-leases 97,000 sq m in São Paulo, Brazil


Global Logistic Properties Limited (GLP) announced that it has signed pre-lease agreements totalling 97,000 sq m São Paulo, Brazil. With these leases, GLP has established new relationships with three companies.

Sequóia Logística, a third-party logistics provider in Brazil for fashion, apparel, e-commerce, and educational companies, has pre-leased 61,000 sq m at GLP Embu. The park is 100% pre-leased ahead of its completion in September 2015.

Sanofi, a global pharmaceutical company, and Medley, a Brazilian pharmaceutical company and member of the Sanofi group, has pre-leased 36,000 sq m at GLP Guarulhos for its largest distribution centre in Latin America.

Mauro Dias, President of GLP Brazil said, “Demand for modern logistics facilities in Brazil continues to be driven by domestic consumption and opportunities to improve operational efficiency. We are excited to establish two new customer relationships with Sanofi, Medley and Sequóia. GLP’s high-quality facilities and strategic locations enable customers to deliver the highest levels of service and logistics efficiency. We look forward to supporting our customers as they continue to grow in Brazil.”

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