Global Logistic Properties : NEWS RELEASE – GLP COMPLETES SECOND TRANCHE OF CHINA CONSORTIUM AGREEMENT

For Immediate Release

 Completed second tranche of China consortium agreement comprising

 Strategic partners include China Life Insurance Company Ltd., China Development Bank International Holdings Limited, China Infrastructure Partners, L.P. (part of Bank of China International Group), China Post Insurance, Boyu Capital, HOPU Fund II and other Chinese companies

 Additional partners further augment GLP's access to best-in-class customers and strategic sites

In February 2014, GLP entered into a US$2.5 billion agreement with a group of Chinese SOEs and leading financial institutions led by HOPU Investments. Following the announcement today, the consortium, with participation by GLP employees, holds a
33.8%1 stake in China Holdco.
The first tranche of US$1.6 billion was completed in June 2014. The second tranche of
US$875 million was completed today with strategic partners including:

1 Breakdown provided in Appendix

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 China Life Insurance Company Ltd.

 China Development Bank International Holdings Limited

 China Infrastructure Partners, L.P. (part of Bank of China International Group)

 China Post Insurance

 Boyu Capital and

 HOPU Fund II

The additional partners in this tranche further augment GLP's access to best-in-class customers and strategic sites, enabling GLP to accelerate its development pace and strengthen its market-leading position across China. The price of the new China Holdco shares was determined by the latest quarter net asset value of China Holdco and its subsidiaries.
Jeffrey H. Schwartz, Chairman of the Executive Committee said, "We are already seeing accelerating momentum in our China business through the landmark agreement which provided us with a unique opportunity to partner with a group of Chinese SOEs and leading financial institutions. Leveraging their customer relationships and excellent access to well located land, we have been able to establish a number of very significant partnerships and acquire several large-scale, strategic sites. We remain confident in our ability to ramp up growth to strengthen our market-leading position in China."
Fang Fenglei, Founding Partner and Chairman of HOPU Investments said, "We are pleased to lead the Investor Consortium to complete the investment in this world-class company. HOPU, along with all the Chinese strategic partners, will be dedicated to help GLP develop and move to the next level of success."

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Since the agreement was announced, GLP has strengthened its position as the country's top logistics solution provider through partnerships with several leading Chinese domestic corporations such as China Materials Storage and Transportation Development Company ("CMSTD"), Sinotrans, COFCO, Bank of China, Jinbei Automotive and Guangdong Holdings.
Ming Z. Mei, Chief Executive Officer of GLP said, "The China consortium agreement represents an important milestone for GLP's future growth. Our partnership with these top-tier Chinese institutions provides the three factors we believe are critical to solidify our market leadership: access to land, access to customers and access to capital. As demand for modern logistics facilities in China continues to grow, our partners will be key in helping us ramp up growth in terms of land acquisitions, development starts and leasing. We look forward to capitalizing on the significant growth opportunities in front of us."

Appendix

2 Based on the post-closing shareholding structure

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Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 25 million square meters (272 million square feet) is strategically located across 63 cities, forming an efficient logistics network serving 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

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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