Global Logistic Properties, the provider of modern logistics facilities in China and Japan, said it signed two new leases in Xi’an, Northwest China, totalling 592,000 sq ft.
One of the leases signed in Xi’an was a 452,000 sq ft lease agreement to a leading global e-commerce retailer for its regional distribution centre in Northwest China, this tenant has expressed interest to expand further.
The other lease agreement was for 140,000 sq ft with one of China’s largest logistics service providers. Both customers lease GLP’s facilities at multiple locations.
GLP acquired the land for GLP Park Xi’an Hi-tech in December 2011 and the park is now operational, two months ahead of schedule.
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