Global Logistic Properties signs partnership with China logistics giant
Singapore-listed warehouse operator Global Logistic Properties (GLP) said on Monday that it has established a strategic partnership with China's largest state-owned logistics company.
The tie-up with Sinotrans will feature both companies working together to develop a national network of logistics facilities across China, starting with the city of Shanghai and Guangdong province.
"This partnership will enhance our access to strategic land holdings, strengthening our platform and solidifying our position as the top logistics solution provider in China," said GLP chief executive Ming Z Mei in a statement.
GLP's statement added that the partnership will tap its expertise in developing and managing logistics parks, together with Sinotrans' capabilities in logistics operations and land-sourcing.