Thursday, March 17, 2016

GLP Narita leases out 161,000 sf of storage space to Akachan House in Japan

Global Logistic Properties, the provider of modern logistics facilities, signed a new 15,000 sqm (161,000 sf) lease with Akachan House at GLP Narita in Greater Tokyo.

Akachan House is a leading e-commerce retailer for baby products in Japan.

The customer is consolidating multiple operations in Greater Tokyo into GLP Narita. The facility will be used as a hub to support same-day distribution needs for their e-commerce operations in Japan.

GLP says demand for modern logistics facilities in Japan is driven by domestic consumption and consolidation trend.

The counter closed 0.53% lower at $1.86 on Wednesday.

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