Global Logistic Properties : NEWS RELEASE - GLP SIGNS LEASE AGREEMENTS TOTALING 155,000 SQM (1.7 MILLION SQ FT) IN CHINA

For Immediate Release

 GLP signs new lease agreements totaling 155,000 sqm (1.7 million sq ft) in

 All five leases were signed with existing third-party logistics customers

 3PLs strengthening distribution capabilities to meet increasing demand from consumer goods industries

Kent Yang, President of GLP China, said: "We are seeing strong market demand driven by sustained domestic consumption. 3PLs are strengthening their distribution capabilities in line with the continued growth of consumer goods industries.

"Increasingly, customers are seeking single partners that can provide a network and

'one-stop shop' on multiple location leasing. The growth of GLP's network creates value for customers by providing a larger network of properties to accommodate their expansion, which in turn allows GLP to grow its network further."

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Further details:

 100,000 sqm (1.1 million sq ft) at GLP Park Lingang in Shanghai, Eastern China

 22,000 sqm (237,000 sq ft) at GLP Park Guangzhou Bonded, Greater

Guangzhou-Foshan, Southern China

 20,000 sqm (215,000 sq ft) at GLP Park Pudong Airport in Shanghai, Eastern China

 13,000 sqm (140,000 sq ft) at GLP Park Songjiang in Shanghai, Eastern China

With the newly signed agreements, GLP Park Songjiang and GLP Park Pudong Airport in

Shanghai are 100% leased and GLP Park Guangzhou Bonded is 98% leased.

Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 23.4 million square meters (252 million square feet) is strategically located across 63 cities, forming an efficient logistics network serving more than 700 customers. We are dedicated to improving supply chain infrastructure for 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

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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, 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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