Global Logistics Properties, the provider of modern logistics facilities in China and Japan, announces that it has agreed to lease out a 419,800 sqft consumer goods distribution centre in GLP Settsu in Greater Osaka, Western Japan, to Arata Corporation, a major Japanese wholesale company.
This is the third lease agreement between GLP and Arata, which has existing leases at GLP Nara, also in Greater Osaka, and GLP Funabashi in Greater Tokyo.
Arata’s lease agreement was signed with the expiration of the previous leaseholder’s contract. Occupancy at GLP Settsu will remain at 100%. Arata plans to distribute daily consumer goods to retail shops in western Japan from November 2012.
GLP Settsu is located between the major cities of Osaka and Kyoto, giving customers convenient distribution access to both markets. With a total Gross Floor Area of 464,700 sq ft, GLP Settsu comprises four warehouses, enabling customers such as Arata to save considerable costs by operating from a single site according to a variety of needs. The facility is installed with a vertical conveyer and a new elevator control system to further maximise customers’ operational efficiency.
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