Global Logistic Properties leases more space to Goodbaby in China

Singapore-listed Global Logistic Properties (GLP) will lease another 474,000 sq ft of space to Goodbaby, a China-headquartered global leading manufacturer and retailer of infant and children products.

The new leases are for facilities in China's Suzhou and Langfang regions and will bring the total space Goodbaby is leasing from GLP to 549,000 sq ft, GLP said on Tuesday.

Goodbaby has expanded its leased area at GLP Park Qiandeng in Suzhou in Eastern China, which serves as Goodbaby's national distribution centre. The company has also agreed to pre-lease GLP Park Langfang in Northern China.

"The strategic location of our facilities provides Goodbaby with excellent access to the major consumption centers of Shanghai and Beijing as well as surrounding regions," said Mr Kent Yang, president of GLP China.

"We look forward to further cooperation as they continue to expand across China."

Mr Song Zhenghuan, Goodbaby's chairman and president, said GLP's facilities and service have helped the company sustain its growth.

"GLP's network and scale provide us with convenient access to the market so we can meet growing demand from our customers," he added.