GLP secures new leases totalling 98,000 sq m in China
Singapore
MAINBOARD-listed Global Logistic Properties (GLP) has secured new leases totalling 98,000 square metres with five Chinese companies.
In a filing to the Singapore Exchange on Monday, the facilities provider said that the new leases are mainly related to expansion demand from the organised retail sector, including e-commerce and chain stores. Three of the leases are new customer relationships for GLP.
TRENDING NOW
World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028
Is stamp collecting enjoying an analogue revival or are its best days over?
GovTech retrenches another 38 staff in second round of layoffs
MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold