GLP leases 106,000 sqm space to Brazil's fashion retailer
LISTED Global Logistic Properties Limited (GLP) has leased 106,000 square metres of logistics space in Sao Paulo in its first deal with Brazil's largest fashion retail company.
The deal with Riachuelo at the GLP Guarulhos logistics park is GLP's largest lease agreement in Brazil, said the company in a statement yesterday.
Riachuelo, part of Brazilian fashion giant Guararapes Confecções SA, will occupy over 20 per cent of the 435,000 square metres total leasable area at GLP Guarulhos.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism