For Immediate Release

GLP LEASES 65,000 SQM (700,000 SQ FT) IN CHINA; CONSUMER GOODS DRIVING DEMAND

GLP leases 65,000 sqm (700,000 sq ft) aross China including:

o 31,000 sqm (334,000 sq ft) to a leading e-commerce retailer

o 22,000 sqm (237,000 sq ft) to two leading third-party logistics providers

o 12,000 sqm (129,000 sq ft) to one of the world's largest health and beauty retail chains

Strong leasing demand from repeat customers highlights the value creation and quality that GLP provides

Singapore, 11 December 2014 - Global Logistic Properties Limited ("GLP"), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed new agreements totaling 65,000 square meters ("sqm") (700,000 square feet ("sq ft")) with four industry leaders in six locations across China. All the new agreements are signed with existing customers.

The facilities will be used to cater to growing domestic consumption, distributing consumer products sold online and in retail stores.

Kent Yang, President of GLP China, said: "We are excited to deepen our collaboration with our retail and third-party logistics customers. Growing retail and e-commerce sales continue to drive demand for GLP's modern facilities and strong leasing demand from repeat customers highlights the value creation and quality that GLP provides. We look forward to supporting our customers as they continue to grow 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

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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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