GLP Leases 146,000 sq m to 3PLs in China

Global Logistic Properties Limited (GLP) has signed number of new lease agreements totalling 146,000 sq m with 3PL providers in China. All of the customers are catering to domestic consumption across a variety of industries including e-commerce, home appliances, fast-moving consumer goods and auto parts.

Five of the new leases are signed with repeat customers. They include Best Logistics, Deppon Logistics and Goodaymart, three of GLP’s top 10 largest customers by leased area in China.

Kent Yang, President of GLP China said, “Repeat customers continue to drive demand for our modern logistics facilities. As domestic consumption continues to grow, we are seeing increasing demand for GLP’s modern logistics facilities. We look forward to supporting our customers as they continue to expand across China.”