GLP leases 44,000 m2 to three companies in China 03 June 2014

Global Logistic Properties has signed three new lease agreements totalling 44,000 m2 with three companies in China. Two of the agreements are signed with new GLP customers. The deals include 20,000 m2 leased to a leading third-party logistics provider at GLP Park Yantian, Shenzhen, Southern China. Only three kilometres from Yantian Port in Shenzhen, the park also has convenient access to a network of expressways connecting to major cities in the Pearl River Delta, including Guangzhou, Zhuhai, and Foshan.

A second deals sees 13,000 m2 leased to a global electronics manufacturer at GLP Park Waigaoqiao, in Shanghai, Eastern China. The customer will use the facilities to distribute imported electronic components to customers in China. GLP Park Waigaoqiao is located at Waigaoqiao Free Trade Zone, which is part of the Shanghai Free Trade Zone and is close to Waigaoqiao Port. The park provides high-quality logistics facilities for international trade and advanced manufacturing industries in a strategic location that offers preferential policies.

Lastly, 11,000 m2 has been leased to one of China¹s largest integrated IT services providers at GLP Park Daxing in Beijing, Northern China. The customer will use the facilities to serve its customers in the eCommerce and telecommunications industries. GLP Park Daxing is located in Beijing Jingnan Logistics Park, the largest of the four major logistics zones planned by the Beijing Municipal Government. Situated at the intersection of the Beijing-Kaifeng Expressway, Beijing Sixth Ring Road and Beijing-Shenzhen Railway, the park is an ideal choice for distribution in Beijing and the surrounding cities.