GLP Leases 157,000 sq ft (14,600 sqm) to CEVA in Columbus, Ohio

Tuesday, February 23, 2016
Chicago, Illinois
  • GLP expands its relationship with CEVA in the US with a new 157,000 sq ft (14,600 sqm) lease in Columbus, Ohio

  • Facility enables CEVA to efficiently expand its distribution capabilities


Chicago, 23 February 2016 – GLP, the leading global provider of modern logistics facilities, leased 157,000 square feet (14,600 square meters) to CEVA Logistics US, Inc. CEVA is an existing third-party logistics customer with GLP and leased an entire building in Columbus, Ohio.

Located adjacent to the Rickenbacker Airport in the largely institutional Southeastern submarket of Columbus, the property provides excellent proximity to key distribution channels while establishing synergies with the customer’s existing facilities.

Steve Bryan, Co-Chief Investment Officer of GLP US, said: “We are pleased to provide CEVA with this facility and expand our global relationship. The partnership with CEVA exemplifies how GLP’s global footprint and strategic locations enable us to efficiently meet our customers’ needs in ways that align with improving their operations.”

James Krepp, Vice President of CEVA Procurement, said: “GLP’s creative approach to the deal structure in Columbus was instrumental to the success of this transaction. We continue to value GLP’s flexibility and sincerely appreciate our strengthening partnership”.

Currently, GLP’s US portfolio comprises 173 million square feet (16.1 million square meters) of state-of-the-art, in-fill logistics assets located in 37 key markets across the country.

About GLP (

GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 50 million square meters1 (538 million square feet) portfolio of logistics facilities across China, Japan, Brazil and USA that cater to domestic consumption. GLP’s 4,000 customers include some of the world’s most dynamic manufacturers, retailers and third party logistics companies. Fund management is an important and growing part of GLP’s business, providing significant capital to support sustainable long-term growth, while enhancing returns on GLP’s invested capital. GLP’s total portfolio assets amounted to US$34 billion1.


GLP is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).


GLP Investor Relations & Media Contact:

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372





This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," “intends,” “foresees,” “estimates,” “projects,” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP’s assumptions are correct.


1 Pro-forma figures based on GLP’s reported financials as of 31 December 2015