GLP leases 743,000 sq ft in China


GLP has announced the signing of leases with JD.com, Best Logistics and STO Express totalling 743,000 sq ft. It is expected each company plans to utilize the space to cater to increasing demand driven by growing domestic consumption.

All three companies are existing multi-location GLP customers. JD.com and Best Logistics are also among GLP’s 10 largest customers by leased area in China.

Kent Yang, President of GLP China, said, “We are very excited to further strengthen our relationship with JD.com, Best Logistics and STO Express. Growth in domestic consumption is driving the demand for GLP’s modern logistics facilities in the market. Our unrivalled network supports our customers’ expansion plan across China and drives value creation.”