GLP in 66,000-sq-m lease deals with Fiat Chrysler, Daimler in Brazil and China

SINGAPORE'S logistics facilities provider Global Logistic Properties (GLP) has signed new leases totalling 66,000 square metres with two giant carmakers in Brazil and China.

Fiat Chrysler Automobiles has leased 43,000 sq m in Sao Paulo and Daimler has leased 23,000 sq m in Greater Jinan, eastern China, GLP said in a filing to Singapore Exchange on Tuesday morning.

Car-related leasing accounts for about 7 per cent of GLP's total leased area globally, it said.

Other carmakers it works with include BMW, Chrysler, Ford, General Motors, Honda and Volkswagen.