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Global Logistic Properties leases 1.1 million sq ft space to fashion retailer in Brazil

Published on Jan 7, 2014 10:00 PM

Warehouse developer Global Logistic Properties (GLP) said on Tuesday that it has leased out 1.1 million sq ft of space to a fashion retailer in Sao Paulo, Brazil.

The space is at GLP Guarulhos, a cluster of 15 buildings, belonging to a company in which GLP has a 40 per cent stake.

Of the 15 buildings, four of them have been completed to date.

Mr Jeffrey H Schwartz, co-founder and chairman of GLP's executive committee, said: "GLP Guarulhos is the best logistics park in Brazil in terms of building standards, location, infrastructure and space capacity."

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