Singapore, 9 April 2012 - Global Logistic Properties Limited (“GLP” or “the Company”), the market leader in modern logistics facilities in China and Japan, announced that it has seen strong leasing demand for GLP’s facilities with newly signed leasing agreements totalling 52,600 square metres (“sqm”) in Shanghai and 16,000 sqm in Ningbo.

“We have been seeing continuous strong demand for quality facilities from our customers, driven by sustained domestic consumption and shortage of supply,” said Mr. Kent Yang, Managing Director of GLP China. “We are pleased to see that GLP has become a long-term partner for many of our customers, providing integral logistics services in multiple locations across China and helping improve their supply-chain efficiency.”

The following list details the recently signed major new lease agreements in Shanghai. All customers cater to domestic consumption in China.

- 29,000 sqm leased at GLP Pudong Airport Park to Kintetsu World Express Inc. (“KWE”), a leading Japanese 3PL focused on airfreight forwarding, ocean freight forwarding and a full-range of logistics on a global scale. The facilities function as the main domestic national logistics distribution centre of KWE in China, providing a logistic platform for road transportation of electronic goods. As of March 2012, KWE occupied approximately 45,000 sqm of GLP logistic facilities in Beijing, Dalian, Shanghai, Suzhou and Wuxi.

- 20,000 sqm leased at GLP Park Hongqiao (West) to a leading global logistics company. Due to the strategically-located state-of-the-art logistic facility that offers convenient access to the highway and the airport, the customer decided to locate its East China distribution centre in GLP Park Hongqiao (West) for end-users from the e-commerce and retail industries. With this new lease, the long-term cooperation between the customer and GLP has been extended to four cities and approximately 99,000 sqm of logistic space.

- 3,600 sqm leased at GLP Park Meilong to Samsonite International Trading (Ningbo) Co. Ltd., the world's largest travel luggage company, to cater to its distribution demand in Shanghai. This is a new relationship for GLP.

In addition, GLP has also leased 16,000 sqm at GLP Park Beilun in Ningbo to Samsonite. It serves as a national distribution centre for Samsonite in China.

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About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (GLP) is Asia’s largest provider of modern logistics facilities. It owns, manages and leases out 435 completed properties in 162 logistics parks spread across 33 major cities in China and Japan, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-Suit and Sale-and-Leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on 18 October 2010 (Stock code: MC0.SI).

Issued by: Global Logistic Properties Limited
Investor relations & Media Team
Email: investor.relations@glprop.com

Ambika Goel, CFA
SVP- Capital Markets and Investor Relations
Tel: +65 6643 6372
Email: agoel@glprop.com

Jess Sie Aw
Senior IR & PR Manager
Tel: +65 6643 6371
Email: jsaw@glprop.com

･ 22,000 sqm leased at GLPShinsunato a major logistic company in Japan.  The space serves as a distribution centre of a retailer for Tokyo CBD area.  This customer is a new relationship for GLP.

・ 18,500 sqm leased at GLP Funabashi II to a local logistics company. With growing business, this company has expanded their space requirements with the Group.

・ 11,500 sqm leased at GLP Narashinoto one of the largest logistic firms in Japan and an advertising production company which delivers printed marketing materials to retail stores. 

The renovations to the three properties included upgraded external facades, functional improvements to both distribution and office spaces, updated common areas, increased electrical capacity and partitioning to enhance customer usage flexibility.
 

[1]   As at 31 March 2012

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Appendix

About GLP Shinsuna

 
Name:            GLP Shinsuna
Location:        2-5-20 Shinsuna, Koto-ku, Tokyo
GFA:                47,014sqm
Structure:       5-floor reinforced concrete
 
  
 
About GLP Narashino

Name:            GLP Narashino
Location:        2-6-6 Shibazono, Narashino City,Chiba Prefecture, Greater Tokyo
GFA:                23,564sqm
Structure:       5-floor steel construction
            
 
 
About GLP Funabashi II

Name:            GLP Funabashi II
Location:        Shiomicho, Funabashi City, Chiba Prefecture, Greater Tokyo
GFA:              　37,502sqm
Structure:        5-floor steel construction
 

・ Seismic isolation is the most advanced technology that helps protect a building’s structure from earthquakes

Singapore/Tokyo, 2 April 2012 – Global Logistic Properties Limited (“GLP”), the market leader in modern logistics facilities in China and Japan, announced that it has developed and obtained a patent for the “GLP Pile Cap seismic isolation construction method”2, a technology that helps protect a building’s structure from earthquakes while significantly reducing construction costs of earthquake resistant logistic facilities. This new construction method will be adopted for the GLP Misato III project, a 94,000sqm large scale multi-tenant logistics facility development located in Greater Tokyo.

Masato Miki, President of GLP Japan said, “The “GLP Pile Cap seismic isolation construction method” makes it possible to achieve high seismic isolation effectiveness at more affordable prices and allows our structures to withstand large earthquakes. As a result, our new patented technology will lower construction costs of the foundation by about 30% and overall construction costs by about 5% as compared to other seismic isolation construction methods.”

GLP is adopting this new construction method for future developments in Japan. These facilities will be equipped with a seismometer that will make it possible to accumulate data to evaluate the degree of seismic shock absorption. This data will be utilised for further developing GLP’s seismic isolation technologies for logistics facilities.

Mr. Masato concluded, “As a leading provider of logistics facilities, GLP will continue to push for the development and management of high-functionality and sustainable logistics facilities to support our customers’ need to maintain business continuity in the event of disasters.”

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Appendix

Image for the completion of “GLP Misato III” that will be built using the “GLP Pile Cap seismic isolation construction method”

How the “GLP Pile Cap seismic isolation construction method” works

The “GLP Pile Cap seismic isolation construction method” combines the use of seismic isolation device and flat foundation beams with a semi-rigid connection at pile top to achieve high seismic isolation effectiveness with extremely simplified foundations.

This prevents the seismic force from travelling to the building’s foundations and makes it possible for structures to withstand large earthquakes even with lower construction costs of foundation.


About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (GLP) is Asia’s largest provider of modern logistics facilities. It owns, manages and leases out 435 completed properties in 162 logistics parks spread across 33 major cities in China and Japan, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-Suit and Sale-and-Leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on 18 October 2010 (Stock code: MC0.SI).

About GLP Japan (www.glprop.co.jp)
GLP Japan is the Japanese arm of Global Logistic Properties, the largest provider of logistics infrastructure in Asia, which manages 84 facilities in 7 cities to cover the major distribution centres of Japan. With a total floor area of more than 3.6 million sqm, GLP Japan is an important infrastructure that supports the lives of people and the economic activities in the city, providing logistics facilities that are highly functional as they are sustainable.

Investor relations & Media Team
Email: investor.relations@glprop.com
Ambika Goel, CFA
SVP- Capital Markets and Investor Relations
Tel: +65 6643 6372
Email: agoel@glprop.com

Aw Jess Sie
Senior IR & PR Manager
Tel: +65 6643 6371
Email: jsaw@glprop.com