GLP Leases 68,000 sq m to three customers in São Paulo

Global Logistic Properties Limited (GLP) has signed new lease agreements totalling 68,000 sq m with three companies in Brazil. These are new customer relationships for GLP.

Magazine Luiza, a retail chain in Brazil, has pre-leased 41,000 sq m at GLP Park Guarulhos. The customer has an online presence and will be using the facility to support distribution for both its e-commerce and retail store operations.

Certa, a food producer in Brazil, has leased 15,000 sq m at GLP Park Jundiaí II to enhance its domestic distribution capabilities.

Argos, a global third-party logistics provider, has pre-leased 12,000 sq m at GLP Park Guarulhos.

Mauro Dias, President of GLP Brazil said, “Our business in Brazil remains solid despite slowing GDP growth. We continue to see demand for our modern logistics facilities as companies seek to consolidate their operations to achieve greater efficiency and lower operational costs. We look forward to supporting our customers as they continue to grow in Brazil.”