SINGAPORE (Oct 18): Global Logistic Properties (GLP) announced that it has signed 2.3 million sf of new leases in China, US and Japan to e-commerce related companies.

In China, 1.6 million sf of new leases has been signed with four third-party logistics providers serving an e-commerce platform. In the US, 589,000 sf of new and renewed leases has been signed with a global e-commerce company. In Japan, a new lease for 108,000 sf has been signed with a software company for online sales.

“Leasing demand from the e-commerce sector continues to drive demand for GLP’s modern logistics facilities,” says Ming Z. Mei, chief executive officer, GLP.

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