Global Logistic Properties : NEWS RELEASE - GLP LEASES 79,000 SQM (850,000 SQ FT) TO FIVE LEADING 3PLS IN CHINA

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For Immediate Release

GLP LEASES 79,000 SQM (850,000 SQ FT) TO FIVE LEADING 3PLS IN CHINA

• GLP signs new leases totaling 79,000 sqm (850,000 sq ft) with five leading third-party logistics companies in China

  - End-users include China Post and a leading global FMCG company

• Customers using GLP's modern logistics facilities to support domestic distribution needs for food and retail
• GLP's unrivaled network enables customers to reach higher logistics efficiency

Shanghai, 20 January 2016 - GLP, the leading global provider of modern logistics facilities, has signed new leases totaling 79,000 square meters ("sqm") (850,000 square feet ("sq ft")) with five leading third-party logistics ("3PL") companies in China. The end-users include China Post, the largest stated-owned express and logistics service provider in China and a leading global FMCG company focusing on agricultural products. All of the customers are catering to domestic consumption across industries including food and retail.

Kent Yang, President of GLP China, said: "We are very excited to sign these new leases. Domestic consumption is growing and we continue to see demand for modern logistics facilities from the food and retail industry. GLP's high-quality facilities in premium locations meet the customers' demand for higher logistics efficiency. We look forward to supporting our customers as they continue to expand across China."

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About GLP (www.glprop.com)

GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 48 million square meters1 (521 million square feet) portfolio of logistics facilities across China, Japan, Brazil and USA that cater to domestic consumption. GLP's 4,000 customers include some of the world's most dynamic manufacturers, retailers and third party logistics companies. Fund management is an important and growing part of GLP's business, providing significant capital to support sustainable long-term growth, while enhancing returns on GLP's invested capital. The Company's total portfolio assets are valued at US$33 billion1.

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.

1 Pro-forma figures based on GLP's reported financials as of 30 September 2015

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