GLP

GLP: Announced that it has signed a pre-lease expansion agreement of about 74,000 sqm to an undisclosed leading global e-commerce retailer, for its expanding fulfilment centre in GLP Park Wuqing in Tianjin, north China. The project is the second phase of GLP Park Wuqing and is expected to be completed later this year. The first phase, where the customer occupies approximately 91,000 sqm, was delivered in Apr12. GLP Park Wuqing is the customer's main regional distribution centre in north China, strategically located between Beijing and Tianjin and with convenient access to other key cities in the region. Including the newly leased 74,000 sq m in Tianjin, GLP has leased a total of 288,000 sqm in Beijing, Shenyang, Suzhou, Chengdu and Tianjin to the customer, making it one of GLP's largest customers in China by leased area.