GLP leases DHL hub space in Japan

Global Logistic Properties (GLP), a supplier of modern logistics facilities in China and Japan, has signed a long-term lease with DHL Supply Chain for facility space in the Japanese city of Urayasu. DHL Supply Chain will move into GLP Urayasu III next month, and will lease approximately 34,800 square metres of floor space, almost half the total size of the hub. The property will function as a distribution centre for apparel products, the company confirmed.

Masato Miki, president of GLP Japan, said: “We are very pleased to expand our relationship with the DHL group in Japan.

“We see robust demand for modern logistics facilities from third party logistic service providers (3PLs) and GLP is well positioned to support the growth of 3PLs in Japan.”

The contract will be the third lease agreement that DHL group has with GLP in Japan.

Yoshiyuki Chosa, managing director of GLP Japan, added: “GLP Urayasu III is located in the Chiba Prefecture and has convenient access to major logistics hubs. With this agreement, GLP Urayasu III will now be at 100% occupancy, and the entire Japan portfolio for GLP is 99% leased.”