Corporate digest

Global Logistic Properties

LOGISTICS facilities provider Global Logistic Properties (GLP) has signed 69,000 sq m of new leases in China and Japan over the past three months, it announced on Thursday. The customers are using the facilities to service growing demand from online and offline retail distribution channels, it said.

The new lease agreements are for 42,000 sq m to three retailers in China and 27,000 sq m to Maruni Business Logistics (MBL), a third-party logistics provider in Japan. The leases in China allows GLP to establish new customer relationships with Aeon and Metro; GLP Neyagawa is fully pre-leased with the lease to MBL.