Its client is trying to match climbing domestic consumption.
GLP has leased 48,000 sqm to a leading global automotive manufacturer at GLP Park Lingang in Shanghai, China.
According to the company’s announcement, with the new lease, GLP’s client has doubled its lease area in the same park to cater to burgeoning domestic consumption.
“With our strong logistics network and scale, GLP is well positioned to support our customers to pursue their strategic expansion plans and higher logistics efficiency,” stated GLP China president Kent Yang.
GLP Park Lingang comprises a total gross floor area of 850,000 sqm. The park supports companies operating in the vicinity of Yangshan Deep Water Port, and its facilities serve as a regional distribution location.
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