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GLP has fully leased out new logistics property in Tokyo

Published on Aug 18, 2014 9:12 PM

SINGAPORE - Global Logistic Properties has signed a new lease agreement for 6,500 square metres (sqm) in Greater Tokyo with Senko Co, a major third party logistics provider and one of GLP Japan's largest customers.

With this newly signed agreement, the mainboard-listed company's property, GLP Atsugi, is fully leased out.

The customer will use the facility to cater to rising domestic consumption demand in Kanagawa sub-market, a major distribution centre for the Greater Tokyo region.

GLP Japan president Yoshiyuki Chosa said: "We are focused and committed to providing our customers with the best possible solutions with our facilities and are excited to strengthen our relationship with Senko through this lease.

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