GLP signs 126,000 sqm of leases in China
SEP 7, 2015: GLP announced new lease agreements totaling 126,000 square meters (“sqm”) (1.4 million square feet (“sq ft”)) in China. The leaseswere signed with SF Express and Best Logistics, two leading third-party logistics (“3PL”) companies who are also among GLP’s largest customers by leased area in China. The customers are expanding with GLP in five cities across China to cater to increasing demand for express delivery services driven by e-commerce.
Kent Yang, president of GLP China, said, “We are excited to deepen our collaboration with SF Express and Best Logistics. Domestic consumption and e-commerce sales continue to drive demand for GLP’s modern facilities in China. The strong leasing demand from repeat customers highlights the value creation and quality that GLP provides. We look forward to supporting our customers as they continue to grow in China.”