The company now has roughly 5.8 million square meters of space in China.
GLP has three new lease agreements catering to China’s growing domestic market. First is a 52,500-square-meter area leased to Dahang International Transportation, a subsidiary of Hitachi Transport System, at its location in Tianjin, Northern China. There is also a 24,400-square-meter lease to Ihush, an online retailer selling discounted branded fashion, at GLP Park Kunshan in Suzhou, Jiangsu, China.
The company’s third new lease is a 10,000-square-meter pre-leased to Deppon Logistics, a domestic third-party logistics provider, at its regional distribution center in Northeast China. Deppon will occupy the space at GLP Park Hunnan in Shenyang in May, when construction is scheduled to finish.
