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.