GLP lands tenants for China properties

MAINBOARD-listed Global Logistic Properties (GLP) has leased 43,000 square metres (sq m) of space across China to three companies.

In a regulatory filing yesterday, the company said one of the three lease agreements inked was with third-party logistics service provider Sankyu Logistics, which is taking up 16,000 sq m of space at two parks in Tianjin.

The latest arrangement with Sankyu has made it one of GLP's top 10 customers. Sankyu will use the space in Tianjin to expand service for its customers in the automotive, electronics and consumer product industries.