Global Logistic Properties : NEWS RELEASE - GLP ESTABLISHES FIRST CHINA VALUE-ADD FUND

For Immediate Release

GLP ESTABLISHES ITS FIRST CHINA VALUE-ADD FUND

•  GLP China Value-Add Venture I has total equity commitments of RMB10bn (US$1.6bn)

•  GLP China is the asset manager and will contribute seed assets to the Venture

•  GLP's global fund management platform expands to US$46bn AUM (when fully leveraged and invested)

Shanghai, 9 February 2018 - GLP, the leading global provider of modern logistics facilities and technology-led solutions, has established its first China value-add fund with a single investor, China Life. GLP China Value-Add Venture I ("the Venture") has total equity commitments of RMB10 billion (US$1.6 billion1) and will focus on acquiring completed logistics and industrial assets in China. GLP China is the asset manager and will contribute seed assets to the Venture.

Teresa Zhuge, Vice Chairman of GLP China, said: "This is a very significant transaction for

GLP. It is consistent with several key elements of our strategy including recycling assets and further growing our fund management platform. Demand from institutional investors to partner with GLP continues to be strong and we plan to establish additional new income funds in China."

China Life said: "The logistics industry is a key cornerstone of China's economy while GLP has

a proven track record and reputation for execution. We believe in the long-term fundamentals of the industry and look forward to partnering alongside GLP to further advance the logistics

1 Unless stated, all exchange rates are reported as 1 USD = RMB 6.33, the exchange rate as of 8 February 2018

http://www.glprop.com

1

ecosystem in China."

Following this transaction, GLP's fund management platform expands to US$46 billion2, which

represents an annual growth rate of 56% since 2011. Globally, GLP has recycled close to

US$8.1 billion of assets over the last six years and the Company plans to continue its capital recycling strategy.

M3 Capital Partners (HK) Limited acted as exclusive financial advisor to GLP in connection with the formation of GLP China Value-Add Venture I.

About GLP(www.glprop.com)

GLP is the leading global provider of logistics solutions. Through its network of strategically-located properties and ecosystem partners, GLP is able to offer both space and technology-led solutions to drive value for its customers. GLP is one of the world's largest real estate fund managers, with over US$46 billion of assets under management and a global portfolio of 59 million square meters (636 million square feet) spread across eight countries globally.

Please note that the Company's name has changed to GLP effective January 2018.

About GLP China (www.glprop.com.cn)

GLP is the largest owner and operator of modern logistics facilities in China, with a 30 million square meter (319 million square feet) portfolio across 38 strategic submarkets. GLP's customers in China include some of the world's most dynamic manufacturers, retailers and third party logistics companies including BEST Inc., BMW, JD.com and LF Logistics.

2 AUM when fully leveraged and invested

GLP Investor Relations & Media Contact:

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email:agoel@glprop.com

## END ##

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.