For Immediate Release GLP EXTENDS 3.6 MILLION SQ FT (334,000 SQM) OF LEASES WITH KEY CUSTOMER IN THE US
  • GLP renews 3.6 million sq ft (334,000 sqm) in a single transaction in the US
  • Strengthened relationship with a leading global appliance company
Chicago, 11 January 2017 - GLP, a leading global provider of modern logistics facilities, has signed long-term lease extensions with a leading global appliance company accounting for 3.6 million square feet (334,000 square meters) at three US facilities in Columbus (Ohio), Atlanta (Georgia) and Orlando (Florida).

The Ohio property is in the largely institutional Southeastern submarket near Rickenbacker Airport, which provides excellent proximity to key distribution channels throughout the Midwest.

The Atlanta property has immediate access to I-75 and is effectively positioned to allow access to the coastal ports and end users throughout the Southeast to maximize intermodal transportation networks.

The Orlando property is located near the Florida Turnpike and has flexibility to nearly double its current capacity to accommodate the customers' growth.

Amy Curry, GLP's Eastern Regional Director, said, "GLP places a strong emphasis on superior long-term relationships with our customers. These lease extensions confirm that our strategic

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network of state-of-the-art logistics facilities are beneficial to our customers' businesses."

Currently, GLP's portfolio in the US comprises 173 million sq ft (16 million sqm) of modern logistics facilities. GLP is also the largest provider of modern logistics facilities in China, Japan and Brazil.

About GLP (www.glprop.com)

GLP owns and manages a global portfolio of 53 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 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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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.

Global Logistic Properties Limited published this content on 12 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 January 2017 23:33:06 UTC.