GLP signs four leases totalling 58,000 sq m in China

Global Logistic Properties Limited announced that it has signed new lease agreements totalling 58,000 sq m with four companies operating in the e-commerce, retail and automotive industries.

All of the customers cater to domestic consumption and three are multi-location GLP customers including, RT-Mart and a leading global automotive manufacturer.

Kent Yang, President of GLP China said, “We continue to see increasing demand for GLP’s modern logistics facilities driven by growing domestic consumption. These leases highlight the value of GLP’s unrivaled network of high-quality facilities, which enables our customers to ramp up their distribution capabilities across China.We look forward to supporting our customers as their businesses continue to grow.”