GLP to rent 140,000 sq ft space in Suzhou to Geodis

GLOBAL Logistic Properties (GLP), which last week launched the world's largest China-focused logistics infrastructure fund worth more than US$3 billion, has agreed to rent a 140,000 square-foot warehouse space to the Geodis Group within the Suzhou Industrial Park.

Including this lease agreement at GLP Park Suzhou, Geodis, one of the world's largest supply chain solutions providers, will lease a total of 495,000 square feet of space with GLP in China and Brazil.

As at Sept 30, GLP Park Suzhou, the first park GLP developed in China, comprises 5.9 million square feet of completed warehouse space. Since 2009, Geodis has been leasing space at GLP Park Pudong Heqing in Shanghai.