Global Logistic Properties : NEWS RELEASE - GLP COMMENCES DEVELOPMENT OF GLP PARK CAJAMAR IN SÃO PAULO

For Immediate Release

 GLP capitalizes on market opportunities to acquire strategic development site in supply-constrained sub-market in São Paulo, Brazil

 GLP Park Cajamar to provide 76,000 sqm (818,000 sq ft) of high quality logistics space upon its expected completion by March 2016

 Continued solid leasing demand for GLP's well-located modern logistics facilities, with Brazil stabilized logistics portfolio 97% leased

Mauro Dias, President of GLP Brazil, said, "We are pleased to capitalize on current market conditions to secure this prime development site. São Paulo and Rio de Janeiro continue to see healthy demand for modern logistics facilities driven by a lack of supply and ongoing supply chain reconfiguration. We have a strong leasing pipeline for São Paulo and we look forward to adding GLP Park Cajamar to our portfolio."
GLP Park Cajamar is a development under GLP Brazil Development Partners I. The project is strategically located in the Cajamar region, one of the most important logistics sub-markets in São Paulo. According to CBRE, almost half of the net absorption in the first nine months of
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2014 was in the Cajamar region, largely driven by a lack of quality logistics space in the greater São Paulo area. GLP Park Cajamar is 30km from metropolitan São Paulo, with access to the São Paulo Ring Road and is close to the Anhanguera and Bandeirantes highways that lead to population centers in interior Brazil. GLP Cajamar will complement GLP's existing stabilized logistics portfolio in Brazil which is 97% leased.

Rendering of GLP Park Cajamar

Appendix

Name of Facility: GLP Park Cajamar
Location: Cajamar City, São Paulo, SP, Brazil Total site area: 208,000 sqm (2.2 million sq ft) Buildable area: 76,000 sqm (818,000 sq ft) Commencement of development: 4Q FY2015
Completion of development: 4Q FY2016 (planned)

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited ("GLP") is a leading global provider of modern logistics facilities. As of 31 December 2014, GLP's US$19 billion property portfolio encompasses 29 million square meters (312 million square feet) of logistics facilities across China, Japan and Brazil. In February

2015, GLP established immediate scale in the United States with the acquisition of an US$8.1

billion portfolio.

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GLP's growth strategy is centered on being the best operator, creating value through developments and expanding its fund management platform. GLP's customers include some of the world's most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX

stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).

GLP Investor Relations & Media Contact: Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur,

that projections will be achieved, or that GLP's assumptions are correct.

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