关于普洛斯 (www.glprop.com)
普洛斯是亚洲最大的现代物流设施提供商与服务商，在中国及日本的33个城市拥有并管理着162个综合性园区的435个物业，形成了一个覆盖主要物流枢纽、工业园区和城市配送中心等战略接点的高效物流网络。通过标准设施开发、定制开发、收购与回租等灵活的解决方案，普洛斯致力于为全球最具活力的制造商、零售商和第三方物流公司不断提高供应链效率，达成战略拓展目标。公司于2010年10月18日在新加坡证券交易所挂牌上市（股票代码：MC0.SI）
 

普洛斯日本是普洛斯集团设在日本的分支机构，也是亚洲最大的物流基础设施供应商。公司在日本7座城市管理着84处物流设施，覆盖日本主要的分销中心。普洛斯日本分公司的物流设施楼面总面积超过360万平方米。作为重要的基建，普洛斯日本分公司为城市中人们的日常生活、经济活动提供着巨大支持。旗下物流设施功能完备、经久耐用。

・ 隔震作为一种最先进的技术，有助于保护建筑物结构免遭地震破坏

新加坡/日本东京，2012年4月2日亚洲最大的现代物流设施提供商与服务商普洛斯日前宣布，公司自行研发出“普洛斯桩承台隔震建筑法”，并已获得专利。这项技术在保护建筑物结构免遭地震破坏的同时，还能大大节约抗震物流设施的建造成本。这一全新建筑方法将用于建设位于大东京圈占地9.4万平方米的大规模合租物流设施普洛斯美里物流园三期工程。

普洛斯日本区总裁三木真人表示：“‘普洛斯桩承台隔震建筑法’让我们得以用更合理的价格实现较高的隔震效果。我们的建筑物因此能够承受大地震。由此一来，与其它的隔震建筑法相比，这项全新的专利技术可以把地基建筑成本降低30%左右，整体建筑成本也能节约5%。”

普洛斯将在日本未来开发项目中广泛采用这一新的建筑方式。相关设施将配备地震仪，将收集到的数据用于评估地震震荡吸收程度。普洛斯还将利用这些数据进一步研究针对物流设施的隔震技术。

三木真人总结说：“作为领先的物流设施提供商，普洛斯将继续致力于开发和管理功能先进、可持续性高的物流设施，帮助客户在灾害事件发生时保持业务的连续性。”

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附录

采用“普洛斯桩承台隔震建筑法”的“普洛斯美里物流园三期工程”竣工效果图

“普洛斯桩承台隔震建筑法”作用原理

“普洛斯桩承台隔震建筑法”结合了隔震设备和平板地基梁，在桩承台上采用半刚性连接，以极简的地基结构达到较高的隔震效果。

这种方法有助于防止地震冲击力抵达建筑物地基部位。在节约地基建筑成本的同时又能抵御大地震。

普洛斯日本是普洛斯集团设在日本的分支机构，也是亚洲最大的物流基础设施供应商。公司在日本7座城市管理着84处物流设施，覆盖日本主要的分销中心。普洛斯日本分公司的物流设施楼面总面积超过360万平方米。作为重要的基建，普洛斯日本分公司为城市中人们的日常生活、经济活动提供着巨大支持。旗下物流设施功能完备、经久耐用。

n        Strong customer demand driving leasing in China with 1.4 million square metres of new and expansion leases signed year-to-date FY12, up 50% year-on-year

n       1.2 million square metres of development starts year-to-date FY12 in China

n        Further established fund management platform; closed 50/50 joint venture with China Investment Corporation to acquire modern logistics facilities in Japan

n        Issued S$750 million of perpetual bonds; further strengthening GLP’s balance sheet

Singapore, 14 February 2012 - Global Logistic Properties Limited (“GLP”), the market leader in modern logistics facilities in China and Japan, saw increased China revenue of 81% driving overall group revenue up 19% to US$144.7 million for the three months ended 31 December 2011 (“3Q12”). The growth in revenue was driven by the completion and stabilisation of new development projects in China, revenue contribution from the acquisition of Airport City Development Co., Ltd. (“ACL”) as well as translation impact of the Japanese Yen relative to the U.S. dollar.

3Q12 Group EBIT increased 27% year-on-year to US$135 million and 3Q12 Group EBIT (excluding revaluation) increased 12% year-on-year to US$106 million. In China, EBIT (excluding revaluation) rose 65% year-on-year to US$30 million, driven by completion and stabilisation of development projects, lower operating expenses and acquisitions. In Japan, EBIT (excluding revaluation) grew by 3% year-on-year primarily due to the strengthening of the Japanese Yen against the U.S. Dollar.

3Q12 PATMI grew by 3% to US$86 million. The gain in fair value of investment properties amounted to US$24 million and US$5 million for subsidiaries and jointly-controlled entities (net of tax) respectively, driven by stabilisation of developments in China and rental growth. 3Q12 Group PATMI (excluding revaluation) decreased by 7% year-on-year to US$68 million.  Results this quarter were impacted by unrealised foreign exchange losses on JPY assets.    

Mr. Jeffrey H. Schwartz, Deputy Chairman and Chairman of the Executive Committee of GLP said: “Our portfolio continues to deliver solid results. We see sustained leasing momentum in China driven by growing domestic demand. Growth in retail sales in China remained at a healthy pace of 17% over the past year.  Due to the robust demand, we are currently 70% preleased on developments which are being delivered through March 2012. Our balance sheet is well positioned to fund our growth plans. We further strengthened the company’s balance sheet by issuing S$750 million (USD$600 million) of perpetual bonds.”

Operating Portfolio Metrics

GLP continued to see strong operational momentum. For the nine months ended December 31, 2011, new and expansion leases signed totalled 1.4 million square metres in China, an increase of 50% compared to the same period last year. GLP acquired completed properties of 1.3 million square metres (“sqm”) year-to-date in FY12. GLP initiated development starts totalling 250,000 square metres in 3Q12 and 1.2 million sqm year-to-date in FY12.

GLP has presence in 25 major cities across China expanding to the Greater Hefei region, the Greater Jinan region, Langfang and Xi’an in the past quarter. The portfolio encompasses 10.4 million sqm of gross floor area (GFA) with 6.3 million sqm of completed GFA, up 75% from last year while maintaining a high lease ratio of 91%. China’s rents grew at a steady pace up 4.5% in 3Q12 on a same-store-basis.

The lease ratio in Japan remains high at 97%.

Capital Markets Activities

In December 2011 and January 2012, GLP further strengthened the company’s balance sheet by issuing S$750 million (USD$600 million) of perpetual bonds at a 5.5% interest rate. These bonds are redeemable at the company’s option after 5 years. This issue was the first ever rated SGD-denominated perpetual bonds and the largest ever SGD-denominated corporate perpetual bonds transaction. For accounting purposes these bonds will be treated as equity. 

During the three months ended 31 December 2011, GLP refinanced JPY28.9 billion (US$377 million) of debt. Besides lowering interest costs, the debt maturities have also been extended by an average of 3.4 years.

Fund Management Platform

GLP continued to grow its fund management platform with the establishment of the joint venture with China Investment Corporation (“CIC”) to acquire 15 facilities from LaSalle Investment Management. GLP and CIC each hold a 50% stake in the portfolio and GLP is the sole manager. GLP’s equity investment was JPY 21.22 billion (US$272.9 million). The transaction closed 8 February 2012.

GLP also announced its second development project, GLP Soja, as a part of the Japan Development Fund, a 50/50 joint venture with Canada Pension Plan Investment Board (“CPPIB”). GLP Soja, a 79,023 sqm large-scale logistics facility, is 39% preleased prior to starting development with indicative interest of over five times the remaining area.

Mr. Ming Z. Mei, Chief Executive Officer of GLP, said: “Our footprint in China continues to grow and our customer relationships continue to drive new demand for space. Over the past year we have grown our completed portfolio by 75% to 6.3 million sqm while maintaining a solid occupancy rate. GLP is currently in various stages of discussions with customers on 4.0 million sqm of space in China. In the past nine months, new and expansion leased area in China has reached 1.4 million sqm, 50% growth when compared to a year ago. In Japan, GLP is now partnered with CIC and together we have completed the acquisition of 15 facilities. We see growth opportunities in both China and Japan and we will focus on continuing to grow our footprint profitably while extending our value chain of services that help our customers do business better.”

Earnings Call Information

A teleconference for investors and analysts is scheduled on Tuesday, 14 February at 6.00pm Singaporetime. The dial in number is +65 6723 9388 and the conference ID is 44069601. A replay for the call will be available under Investor Relations section of our website: www.glprop.com.

For the full Global Logistic Properties Financial Statements announcement, accompanying presentation and supplemental disclosure, please visit our website: www.glprop.com.

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties (GLP) is Asia’s largest provider of modern logistics facilities. It owns, manages and leases out 420 completed properties in 145 logistics parks spread across 32 major cities in China and Japan, forming an efficient logistics network with properties strategically located in key logistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI).

Investor Relations & Media Team

Email: investor.relations@glprop.com

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations   

Tel: +65 6643 6372

Email: agoel@glprop.com

^[1]   The initial public offering of the Company was sponsored by Citigroup Global Markets Singapore Pte. Ltd. and J.P. Morgan (S.E.A.) Limited (the “Joint Global Coordinators and Joint Issue Managers”). The Joint Global Coordinators and Joint Issue Managers assume no responsibility for the contents of this announcement

^[2]  Revaluation refers to change in fair value of investment properties of subsidiaries and share of changes in fair value of investment properties of jointly-controlled entities, net of deferred tax