- POSTED: 21 Feb 2014 21:12
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Global Logistic Properties (GLP) has formed a strategic partnership with China's Best Logistics to develop a national network in China.
SINGAPORE: Global Logistic Properties (GLP) has formed a strategic partnership with China's Best Logistics to develop a national network in China.
As part of the deal, GLP has signed nine new lease agreements totalling 1.5 million square feet (sq ft) with Best Logistics.
GLP will also develop build-to-suit facilities for Best Logistics in Changzhou, Greater Guangzhou-Foshan, Hefei, Nanning, Nantong, Wuhu, Greater Xiamen, Xi'an and Yangzhou.
In a statement on Friday, GLP says Best Logistics' business is growing rapidly on the back of strong demand for express delivery services, particularly from the e-commerce industry.
Best Logistics is one of China's third-party logistics providers, with a focus on business-to-consumer distribution and last-mile delivery.
It caters to a wide range of industries that are benefiting from China's growing domestic consumption, such as e-commerce, fast moving consumer goods, clothing, consumer electronics, home appliances and automotive parts.