GLP expands its relationship with a leading global logistics firm through a new 340,000 sq ft (32,000 sqm) lease in the US
Desirable location in Northern New Jersey provides efficient access to major East Coast markets
Chicago, 15 June 2016 – GLP, the leading global provider of modern logistics facilities, has leased 340,000 square feet (32,000 square meters) in the US to a repeat customer. A leading global logistics firm has leased entire facility located in Northern New Jersey.
Located just off I-95 in the largely institutional Exit 8A submarket of New Jersey, GLP’s property provides excellent proximity to key distribution channels and access to a large population of end-users in the East Coast.
Amy Curry, GLP’s Eastern Regional Director said,: “GLP’s global footprint, strategic locations and high-value logistics services enable us to efficiently meet our customers’ needs. We are pleased to provide our customer with this state-of-the-art facility, expanding our global relationship and helping them with the innovative solutions they need to stay competitive.”
About GLP (www.glprop.com)
GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 52 million square meters (559 million square feet) portfolio of logistics facilities across China, Japan, US and Brazil 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. As of 31 March 2016, GLP’s total owned and managed assets amounted to US$36 billion.
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
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