GLP leases 97,000 sq m to leading 3PLs in China

Global Logistic Properties Limited (GLP) announced that it has signed new agreements totalling 97,000 sq m with five third-party logistics providers in China. Four of the new leases are signed with repeat customers. With these leases, Sinotrans and Goodaymart become part of GLP’s top 10 largest customers by leased area in China.

Kent Yang, President of GLP China said, “We are excited to establish and expand our relationships with these customers. Domestic consumption and e-commerce continue to drive demand for GLP’s high-quality logistics facilities and service. These new leases highlight the value that our unrivalled network creates for customers by enabling them to expand rapidly in premium locations. We look forward to supporting our customers as they continue to expand across China.”

Sinotrans is leasing 50,000 sq m in three locations to serve customers in the e-commerce and automotive industries in eastern China. Goodaymart is leasing 12,000 sq m to serve e-commerce customers in eastern China. Rokin Logistics is leasing 12,000 sq m to distribute fast-moving consumer goods in southern China. PLG Technology is leasing 12,000 sq m to serve e-commerce customers in midwestern China. Finally a leading 3PL is leasing 11,000 sq m to serve a major food manufacturer in eastern China.