GLP has announced it has signed leases totalling 87,000 sq m with three companies in China. Two of these leases are for JD.com and Best Logistics who are both existing clients of GLP and amongst the company’s largest customers in China. GLP has also established one new customer relationship with an e-commerce company selling auto parts. All the customers are expected to utilize the space to meet the increasing demand from domestic consumption.
Kent Yang, President of GLP China, said, “We are very delighted to cooperate with these industry leaders. Domestic consumption is stable and we continue to see demand for modern logistics facilities from e-commerce and auto parts sales in China. GLP’s high-quality facilities meet the customers’ demand for higher operation efficiency. We look forward to supporting our customers as their business continues to grow.”