GLP leases 275,000 sq m of space to 4 companies in China

With the new leases, GLP expands its relationships with four multi-location customers in China.
With the new leases, GLP expands its relationships with four multi-location customers in China. PHOTO: BLOOMBERG

SINGAPORE - GLP, a global provider of modern logistics facilities, has signed 275,000 sq m of new leases in China with four major companies in the e-commerce and auto parts industries.

The leases were signed over the past three months and cater to domestic consumption, GLP said in a filing with the Singapore Exchange on Thursday (May 4).

With these leases, mainboard-listed GLP expands its relationships with four multi-location customers including two of its largest customers by leased area in China.

Some 222,000 sq m were leased to two leading e-commerce companies in eastern China, while 53,000 sq m went to two auto-related companies across three locations in China.