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.
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.
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