Global Logistic Properties China

Global Logistic Properties Leases 68,600 Square Metres in East China

Global Logistic Properties China — 2012-04-09

Three leases totalling 52,600 sqm in Shanghai and a 16,000 sqm lease in Ningbo all cater to domestic consumption in China

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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[1] The initial public offering of the Company was sponsored by Citigroup Global Markets Singapore Pte. Ltd. and J.P. Morgan (S.E.A.) Limited (the “Joint Global Coordinators and Joint Issue Managers”). The Joint Global Coordinators and Joint Issue Managers assume no responsibility for the contents of this announcement

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

Global Logistic Properties Leases 86,900 Square Metres in China

Global Logistic Properties China — 2012-02-07

Singapore, 7 February 2012 - Global Logistic Properties Limited (“GLP” or “the Company”), the market leader in modern logistics facilities in China and Japan, announced that it has recently signed 86,900 square metres of new and expansion leases in its China portfolio. As of 31 December 2011, the Company has achieved a total leased area of approximately 5.8 Million square metres (“sqm”) in China and a completed stabilised logistics properties lease ratio of 91%.

Kent Yang, Managing Director of GLP China said: “The robust leasing momentum is a testament to the great partnerships between our customers and GLP. Our ability to deliver consistent and comprehensive logistics services has helped us cement our close corporate relationships and market leadership in China. With the largest network of modern logistic facilities, GLP is well positioned to support our customers’ growth.”
The following are recently-signed major new lease agreements. All customers cater to domestic demand in China.

· 52,500 sqm leased to Dahang International Transportation, a subsidiary of Hitachi Transport System Ltd, at GLP Tianjin Pujia in Tianjin, Northern China. Situated in Tianjin Xiqing Economic Development Area, the state-of-the-art facilities are positioned to support distribution activities in the region for a world-leading manufacturer of baby care, feminine care and health care products. GLP started providing logistics facilities to Dahang in August 2007 and currently leases a total of 76,896 square meters in six cities. Hitachi Transportation System also leases another 338,827 square metres in Japan from GLP.

· 24,400 sqm leased to Ihush, an online retailer selling discounted branded young fashion, at GLP Park Kunshan in Suzhou, Jiangsu, China. The space serves as a regional distribution centre to facilitate the supply chain of the growing e-commerce company.

·10,000 sqm pre-leased to Deppon Logistics, a leading domestic third-party logistics provider (“3PL”), for its regional distribution centre in Northeast China. The customer will occupy the space at GLP Park Hunnan in Shenyang, Liaoning Province in May 2012 when construction is scheduled to be completed. Deppon Logistics also expressed interest to add another 5,000-sqm in the same park given the company’s fast-growing business. Since 2007, GLP’s partnership with Deppon Logistics has been extended to ten cities including Shanghai, Hangzhou, Qingdao, Wuxi, Dalian, Chongqing, Guangzhou, Changzhou, Suzhou and Shenyang. Deppon Logistics is GLP’s fifth largest tenant in China leasing 106,235 square metres of space from GLP in China.

In addition, Schenker, Nippon Express, Panalpina, Pantos and Unipart have also signed new or expansion leases with GLP in China. There has been a significant growth 1st and 2nd tier cities which highlights GLP’s strategy to grow its logistics network along with our customers’ expansion across the country.

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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 380 completed properties in 133 logistics parks spread across 28 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

Global Logistic Properties Leased 112,000 Square Metres in China to a Leading Global E-commerce Retailer

Global Logistic Properties China — 2012-02-02

Singapore, 2 February 2012 - Global Logistic Properties Limited (“GLP”), the market leader in modern logistics facilities in China and Japan, today announced that it has leased a 91,000 square metre fulfillment centre in Tianjin, China for a leading global e-commerce retailer. The project, GLP Park Wuqing, is strategically located between Beijing and Tianjin and enjoys convenient access to other key cities in Northern China.

GLP Park Wuqing is the fifth collaboration between GLP and the customer and will be its largest fulfilment centre in Northern China when fully complete. The facility will serve as the main distribution centre for Northern China of this global e-commerce retailer.

“China and Japan’s e-commerce market has entered a period of high speed growth. Lack of modern logistics facilities has become a bottleneck for many e-commerce firms’ growth. As a result we are seeing strong demand for modern logistics facilities from our clients across our portfolio and very proud to supply our high quality facilities and total logistics solutions to them,” said Mr. Ming Z. Mei, Chief Executive Officer of GLP.

Kent Yang, Managing Director of GLP China said: “This project is a testament to the great partnership between our customer, GLP and Tianjin Wuqing Government. With more companies moving their operations outside of Beijing to reduce costs, it is increasingly difficult to secure large scale logistics sites. We are therefore very appreciative of the Tianjin Wuqing Government’s support in providing the large land site for GLP Park Wuqing. Our ability to deliver consistent and comprehensive services has helped us to cement one of the closest corporate relationships in China. With the largest network of modern logistic facilities in China, GLP is well positioned to support our customers’ growth in the future.”

The customer has also recently signed two other leases GLP Park SEDA and GLP Park Suzhou, comprising 21,000 square meters. Together with the 91,000 square metres at GLP Park Wuqing, these leases will almost double the customer’s leased area to GLP.

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 380 completed properties in 133 logistics parks spread across 28 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

Global Glogistic Properties Leases 14,500 Square Metres to a Leading Global Food Company in China

Global Logistic Properties China — 2012-01-30

Singapore, 30 January 2012 - Global Logistic Properties Limited (“GLP”), the market leader in modern logistics facilities in China and Japan, announced that it recently has leased 14,500 square metres at GLP Park Suzhou Industrial (Genway) to one of the largest global confectionery, food and beverage conglomerates.

The leasing agreement marks the first collaboration of the customer and GLP in China. GLP Park Suzhou Industrial (Genway) is strategically positioned near the customer’s production facilities in Suzhou Industrial Park (“SIP”) and also acts as its regional distribution centre given the centrally located location in the Yangtze River Delta region. This strategic location enables the customer to fulfill the growing needs generated by the domestic consumer market. This state of the art facility serves as a transfer centre among the customer’s factories in SIP and other regional distribution centres in Shanghai and Beijing. In addition, the customer has expressed interest in further expanding in GLP Park Suzhou Industrial (Genway) when construction of additional facilities is completed in mid 2012.

Kent Yang, Managing Director of GLP China said: "We continue to see increasing demand for modern logistics and industrial facilities from customers across China. GLP is committed to providing customers with integral value-added logistics solutions and helping them improve supply chain efficiency. GLP will continue to work closely with an increasing number of partners to grow together as their businesses grow across China."

Strategically located at the centre of SIP, GLP Park Suzhou Industrial (Genway) provides high-quality standard industrial space and Built-To-Suit factory space. It is jointly developed by GLP and Genway Group. GLP Park Suzhou Industrial (Genway) can be accessed within one hour from Shanghai by expressway linked with Shanghai’s transportation hubs and airport. The park provides manufacturing and logistics platform for over 70 MNCs, including Black & Decker, Samsung, Yamaha, Panasonic, Schneider and many others. As of 31 December 2011, the 702,954 square metre park was 92% leased.

Global Logistic Properties Commences Construction of Build-to-Suit Healthcare Logistics Facility

Global Logistic Properties China — 2011-10-11

n Development marks first outsourced logistics facility for the pharmaceutical industry in China

n Facility is designed to be one of the most advanced of its kind in China, providing optimised logistics and distribution capabilities

Singapore, 11 October 2011 - Global Logistic Properties Limited (“GLP”), the market leader in modern logistics facilities in China and Japan, today announced that it has begun construction of a dedicated healthcare distribution centre in Hangzhou, China for one of the largest global logistics companies. The healthcare distribution centre marks the first outsourced logistics facility development of the pharmaceutical industry in China and the first pharmaceutical Build-to-Suit (“BTS”) project for GLP in China.

The 27,000 square metres facility is expected to cost approximately US$21 million and is one of the most advanced facilities of its kind in China designed to provide an optimised logistics and distribution platform. The end user is a leading global healthcare manufacturer. The facility has been leased under a long-term lease agreement and returns are estimated to be in-line with GLP’s development yields in China. The facility is designed to meet the special requirements of the pharmaceutical sector including temperature controlled facilities and additional power capacity needed for the storage and transportation of pharmaceutical products. This project signifies the first of many outsourced pharmaceutical facilities to be built for multinational corporations in China, creating another avenue of growth for GLP.

This facility is located in GLP Park Linjiang, which is strategically situated in Hangzhou Xiaoshan Linjiang Industrial Zone with close access to key healthcare manufacturing locations, inter-city expressways and Hangzhou airport. The distribution centre is scheduled to be completed by early 2012.

Kent Yang, Managing Director of GLP China said: “GLP has a strong track record of building complex BTS projects where we meet customers’ logistic needs by delivering the right facility in the right place at the right time. The collaboration with our client brings considerable synergies and we will set new standards to support the growth of the pharmaceutical industry in China. We believe GLP’s development solution to capture the outsourcing trend will help our customers focus on their core business.”

GLP has a proven track record of state-of-the-art distribution facilities and the capability to meet its customers’ specific logistic needs across China and Japan. As an expert in the development of state-of-the-art distribution facilities, it establishes a close partnership with its customers in development strategy, site selection, construction, and project management of dedicated distribution facilities according to individual customer’s requirements. It has developed BTS logistic facilities of gross floor area 436,016 square metres across 10 cities in China as of 30 June 2011.

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 337 completed properties in 127 logistics parks spread across 27 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

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