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by Cheryl Tay
Global Logistics Properties (GLP), the largest logistic facilities provider in Asia, has signed new leasing agreements for a total of 44,000 sq m of space in southern China.
GLP said that the leases were for two of its facilities in Guangdong Province.
“The new leases at our China facilities continue to grow in tandem with the increasing demand for modern logistics facilities,” noted Kent Yang, Managing Director at GLP China.
GLP Park Zengcheng (pictured) in Guangzhou is already 93 percent leased, following a five-year lease term for 30,000 sq m of space with one of its business-to-consumer online retailers.
Meanwhile, another three-year lease for the 14,000 sq m space at GLP Park Futian in Shenzhen was signed by Feili Logistics (Shenzhen) Co Ltd, a third party logistics provider.
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