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GLP signs new lease deals with six third-party logistics providers in China
GLOBAL Logistic Properties (GLP), which provides modern logistics facilities in China, Japan and Brazil, has signed new agreements to lease a total of 84,000 square metres (904,000 square feet) of such facilities with six third-party logistics providers in China.
While GLP did not name the individual third-party logistics providers, it said that one of the new leases is a new customer that is a "leading China state-owned logistics company".
The customers are using the facilities to support distribution needs for e-commerce and food-related products, GLP said.