GLP Announces New Leases in China
With these leases, GLP is strengthening its collaboration with two key customers: JD.com, a leading e-commerce company and Best Logistics, a leading 3PL provider in China. Both of them are among GLP’s largest customers by leased area in China.
GLP has also established one new customer relationship with an ecommerce company selling auto parts. All the customers will utilize the space to meet the increasing demand from domestic consumption.
“We are very delighted to cooperate with these industry leaders,” said Kent Yang, President of GLP China. “Domestic consumption is stable and we continue to see demand for modern logistics facilities from ecommerce 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.”
GLP develops, owns and manages 521 million square feet of logistics facilities across China, Japan, Brazil and the United States. GLP’s 4,000 customers include manufacturers, retailers, and third party logistics companies. The company’s total portfolio assets are valued at $33 billion.