Global Logistic Properties (GLP) Limited announced late last week that it has entered into a strategic partnership with Cofco, China's largest supplier of agricultural and food products, in which GLP will help Cofco provide a national network of modern logistics facilities in China.
GLP and Cofco will closely collaborate to build a modern national food logistics network to meet demand arising from China's growing domestic consumption and increased emphasis on food quality and safety. The new network will be comprised from both existing GLP facilities and new build-to-suit facilities, including facilities for packaged foods, fresh foods and e-commerce.
Under the strategic partnership, GLP and Cofco will work together on site selection, project planning and logistics facility leasing on a national basis. GLP may also assist Cofco in planning, re-developing and managing their existing logistics facilities.
Cofco is a China state-owned food conglomerate and currently leases a total of 71,600 square meters (770,000 sq. ft) with GLP across three cities in China and is looking to further expand its network.
To read more, click HERE.