For Immediate Release

GLP LEASES 37,000 SQM (398,000 SQ FT) TO LEADING 3PLs IN CHINA

GLP leases 37,000 sqm (398,000 sq ft) to two leading third-party logistics providers in China

Expansion demand from repeat customers is a key driver of GLP's business

GLP's unrivaled network enables customers to flexibly expand distribution capability across China

Singapore, 19 January 2015 - Global Logistic Properties Limited ("GLP"), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed new agreements totaling 37,000 square meters ("sqm") (398,000 square feet ("sq ft")) with two leading third-party logistics ("3PL") providers in China. Both agreements are signed with existing GLP customers.

Kent Yang, President of GLP China, said: "GLP's network of well-located, modern logistics facilities enables us to meet our customers' distribution needs in key markets across China. We continue to see strong demand for modern logistics facilities from the 3PL industry, driven by growing retail sales and domestic consumption. We are delighted to deepen our collaboration with our existing customers and we look forward to supporting their continued

growth in China."

http://www.glprop.com 1

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited ("GLP") is a leading global provider of modern logistics facilities. As of 30 September 2014, GLP's US$20 billion property portfolio encompasses 28 million square meters (301 million square feet) of logistics facilities across China, Japan and Brazil. 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.

In December 2014, GLP announced its entry into the United States via its best-in-class fund management platform. The transaction is expected to be completed in the first quarter of

2015.

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

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This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. 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," "intends," "foresees," "estimates," "projects," and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are 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,

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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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