GLP announced strong global leasing performance in first half 2020, signing approximately 8.9 million square meters (96 million square feet) of lease agreements over the past six months, up more than 41 percent year-on-year.
Ecommerce continues to be a strong driver of leasing demand, further accelerated by changes in consumer behavior as a result of COVID-19, a trend that is expected to continue beyond the pandemic. Today, ecommerce represents approximately 40 percent of GLP’s global portfolio, compared with 20 percent to 25 percent five years ago.
Ming Mei, co-founder and CEO of GLP, said, “We are proud of these recent leasing successes and remain focused on delivering high-quality, innovative and sustainable property solutions to our customers and investors across every market where we operate. Globally, ecommerce is becoming a far more important retail channel, accelerated by changes in consumer behavior as a result of COVID-19. In the ‘new normal,’ comp
