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Global Logistic Properties (GLP) has leased 14,500 sq m of industrial space at GLP Park Suzhou Industrial (Genway) to a major food, beverage and confectionery group, according to the Manager of Logistics Facilities at GLP.
Without disclosing the name of the major food and beverage company or the size of the contract, GLP revealed that the leased facilities are near the customer’s production facilities and a regional distribution nexus in the Yangtze River Delta region.
GLP added that the customer has already expressed interest in expanding, after completion of the additional construction at GLP Park in mid-2012, and when additional industrial space becomes available in the GLP Park in the middle of this year, said GLP.
“We continue to see increasing demand for modern logistics and industrial facilities from customers across China,” said Kent Yang, Managing Director at GLP China.
Jointly developed by GLP and Genway Group, the 702,954 sq m GLP Park was 92 percent leased as of 31 December 2011.
It currently offers manufacturing and logistics platforms for over 70 companies, including Yamaha, Panasonic, Schneider, Samsung and Black & Decker.
The group will sustain the growth of its China floor space by 20 to 25 percent annually over the next few years due to strong demand, said Jeffrey Schwartz, Deputy Chairman at GLP.
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