GLOBAL Logistic Properties (GLP) has signed a new build-to-suit agreement to lease an upcoming 62,000 square metre facility in Greater Tokyo to Japan Logistic Systems Corp (Logitem).

The four-storey facility, GLP Yoshimi, is scheduled to commence construction in September and is targeted for completion in August 2015.

"The strategic location of GLP's facilities makes it ideal for the establishment of efficient logistics operations," said Hirotake Nakanishi, representative director and president of Logitem. "Furthermore, GLP's flexible network and high quality specifications are well suited to accommodate our growth, enabling us to better serve our customers."