Global Logistic Properties : GLP To Develop adidas' Largest Distribution Center in Asia

• GLP signs 83,000 sqm (893,000 sq ft) build-to-suit agreement with adidas to develop their largest distribution center in Asia

• GLP's first LEED Gold project in China will comprise three double-story buildings in a prime location in Suzhou, Eastern China

• GLP's strong land sourcing capabilities help customers accelerate network expansion in strategic locations

Shanghai,18July2017- GLP, the leading global provider of modern logistics facilities, has signed an 83,000 square meter ('sqm') (893,000 square feet ('sq ft')) build-to-suit ('BTS') agreement with adidas to develop their largest distribution center in Asia. Thecustomeris doubling its space at the same park in Suzhou, Eastern China to meet strong demand from growing domestic consumption.

GLP continues to drive the development and management of modern logistics facilities of high functionality and sustainability, while accommodating customers' needs to introduce automation and robotics equipment to enhance operational efficiency. This build-to-suit project with adidas, comprising three double-story buildings, will be GLP's first LEED (Leadership in Energy and Environmental Design) Gold standard facilities in China. LEED is the world's most widely recognized and used standard for measuring the performance of green buildings.

Mr. Victor Mok, Co-President of GLP China, said: 'Our expanded co-operation with adidas is a testament to the value and service quality we offer our customers, enabling us to build superior long-term partnerships. This build-to-suit project with adidas exemplifies how we are able to leverage our strategic local partnerships to acquire scarce land resources to meet customers' needs in prime locations. The project also reflects strong growing demand of logistics facilities to serve organized retail and domestic consumption. GLP looks forward to supporting these growth trends in China.'

Mr. Tim Mangham, Vice President of Supply Chain Management for adidas Greater China, said: 'We are delighted to partner with GLP to develop our largest distribution center in Asia. With our dynamic business growth in China, we require modern logistics solutions in the right locations, meeting our demands from operational and sustainability perspectives. We look forward to GLP's continuous support.'

About GLP (www.glprop.com)

GLP owns and manages a global portfolio of 55 million square meters, with dominant market positions in China, Japan, US and Brazil. Domestic consumption is a key driver of demand for GLP. The Company is also one of the world's largest real estate fund managers, with assets under management of US$39 billion.

GLP 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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