GLP's robust leasing momentum continues with seven new leases

New leases totalled to 160k sqm.

Global Logistics Properties is firing on all fronts with seven new leases totalling to 160k square meters in 2015. The new leases were inked with major customers in China and Brazil.

GLP’s new leases totalled to 63k with four customers in China, coupled with new leases totaling to 97k with three new customers in Sao Paulo, Brazil.

According to OCBC, these new leases allows GLP to cement its position in key growth market. The new deals also point to steady leasing momentum in China where growing domestic consumption continues to drive demand for modern logistic facilities.

OCBC also noted that GLP’s recent acquisition of a US$8.1b logistics portfolio in the US will allow it to establish scale rapidly in the US given the quality of the assets and improving market fundamentals in the country.

“We continue to like GLP for its leading position in key markets with positive e-commerce trends and growing demand for logistics facilities. As at end Dec-14, the group also sits on a healthy balance sheet with a net cash position,” stated OCBC.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit