Global Logistic Properties
GLP is a leading global investment management and business innovation company focusing on logistics, real estate, infrastructure, finance, and related technology. It has presence in Brazil, China, Europe, India, Japan, and the US, with $89 billion under management in real estate and private equity funds.
As the largest provider and service provider of modern industrial parks in China, GLP China is the earliest to build and promote intelligent logistics and related industrial ecosystems in the Chinese market.
GLP Jiaozhou Logistics Park has a total investment of $50 million and covers a land area of 284 mu. The first phase of the project was put into operation in December 2016, with a floor area of 34,000 m2. After that, COSCO Logistics, Shandong Expressway, JD, and other large state-owned enterprises and famous e-commerce customers have been successively introduced. The second phase, with a floor area of 82,000 m2, is under construction and is scheduled to start production in May 2020. By seizing the opportunity of the SCODA development and leveraging its advantages in high-end customers and supply chain finance products, GLP will build the project into a high-end modern intelligent logistics base that integrates smart intra-city delivery with medicine, cold chain, and value-added services such as supply chain finance.
In 2019, the operating income was 7.75 million yuan, and the annual tax revenue was 2.28 million yuan. It is estimated that the operating income will reach 13 million yuan and the annual tax revenue will reach 5 million yuan in 2020.