GLP inked 2.2m sqft leases with 3PL service providers

It is expected to boost ties with current clients.

Global Logistics Properties (GLP), a global provider of modern logistics facilities, has signed 204,000 sqm (2.2m sqft”) of new and renewal leases with global third party logistics service providers across China, Japan, US and Brazil.

With these leases, signed in the past three months, GLP strengthens relationships with existing customers including DHL, Hitachi Transport System, Schenker and AGV Logística.

The customers are using the facilities for domestic distribution catering to demand from the pharmaceutical, auto parts and consumer goods industries

The scale and breadth of GLP’s platform generates a “Network Effect” with 50% of GLP’s customers leasing with the Company in multiple locations and 70% of leasing driven by existing
customers.