GLP in 66,000-sq-m lease deals with Fiat Chrysler, Daimler in Brazil and China
Add BT as a preferred sourcePublished Tue, Sep 27, 2016 · 12:06 AM
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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.
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