GLP leases 269,000 sq ft in Brazil

GLP has announced the signing of two new lease agreements totalling 269,000 sq ft in Brazil following the commencement of two new customer relationships.

As per the newly-signed agreement with Lojas Lebes, a Brazilian retailer, GLP has leased a 210,000 sq ft logistics facility at GLP Park Gravataí in Southern Brazil.

With regards to the contract with Rio Quality, a food distributor for the state of Rio de Janeiro, GLP has leased 554,000 sq ft at GLP Pavuna in Rio de Janeiro.

Mauro Dias, President of GLP Brazil said of the new contracts, “We see continued demand for modern logistics facilities in Brazil with companies investing in supply chain improvements to achieve higher productivity and cost efficiencies. GLP’s high-quality, well-located facilities are aimed at serving this demand effectively and helping our customers achieve the highest levels of service and efficiency.”