GLP to develop Adidas' largest distribution center in Asia

It signed an 83,000 sqm build-to-suit agreement with the shoe brand.

Following its acceptance of the Chinese consortium buyout offer, the Global Logistics Properties, the leading global provider of modern logistics facilities, has signed an 83,000 square meter (sqm) build-to-suit (“BTS”) agreement with Adidas to develop their largest distribution centre in Asia.

The customer is doubling its space at the same park in Suzhou, Eastern China to meet strong demand from growing domestic consumption.

GLP continues to drive the development and management of modern logistics facilities of high functionality and sustainability whilst accommodating customers’ needs to introduce automation and robotics equipment to enhance operational efficiency.

This build-to-suit project with Adidas, comprising three double-story buildings, will be GLP’s first LEED (Leadership in Energy and Environmental Design) Gold standard facilities in China. LEED is the world’s most widely recognised and used standard for measuring the performance of green buildings.

Victor Mok, Co-President of GLP China, said the expanded cooperation with Adidas enables the group to build superior long-term partnerships.

“This build-to-suit project with Adidas exemplifies how we are able to leverage our strategic local partnerships to acquire scarce land resources to meet customers’ needs in prime locations. The project also reflects strong growing demand for logistics facilities to serve organised retail and domestic consumption. GLP looks forward to supporting these growth trends in China," he said.