Global Logistic Properties : YAPP Leverages GLP’s Global Platform to Expand into Brazil

• Existing GLP China customer YAPP signs 11,000sqm (118,000 sq ft) with GLP in Southern Brazil

• Expansion across platformhighlightspower of GLP's 'Network Effect'

São Paulo/Shanghai, 28 Jun 2017- GLP, the leading global provider of modern logistics facilities, has signed a new lease agreement for 11,000 sqm square meters ('sqm') (118,000 square feet ('sq ft')) with YAPP Automotive Systems Co., Ltd ('YAPP') in Southern Brazil. YAPP is a leading Chinese state-owned auto parts manufacturer which supplies auto parts to car manufacturers globally. The customer leases with GLP in China and has chosen to partner with GLP for its business expansion into Brazil.

Mr. Jiang Lin, Vice President of YAPP, said: 'GLP understands our business. They have a portfolio of premium locations in key markets globally and their strong global network helps us drive value and enhance efficiency. GLP's global team was very supportive in helping us expand into Brazil seamlessly and we are very pleased to strengthen our partnership in a new market.'

Mr. Stephen Schutte, Chief Operating Officer of GLP said: 'We are pleased to strengthen our collaboration with YAPP and support their business expansion in a new market. GLP's size and scale generates a 'Network Effect' enabling customers to expand and optimize their distribution network in the best warehouse locations. Approximately 70% of our leasing is driven by existing customers and we look forward to leveraging our market-leading global network to grow with our customers.'

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 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

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.