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Large-scale Multi-tenant Logistics Facility for Ichikawa Shiohama Project
Facility Name Decided as GLP MFLP Ichikawa Shiohama
Ceremony to Pray for Safe Construction Held Today

December 13, 2012
Global Logistics Properties Limited,
Mitsui Fudosan Co., Ltd.

Global Logistics Properties Limited (Head Office: Minato-ku, Tokyo; hereinafter “GLP”) and Mitsui Fudosan Co., Ltd. (Head Office: Chuo-ku, Tokyo) have decided on the name of GLP MFLP Ichikawa Shiohama for the large-scale multi-tenant logistics facility currently under development at Ichikawa City in Chiba Prefecture. The project developer is a special purpose company jointly established by the two companies. Moreover, a ceremony was held today to pray for the safe construction of the facility.

At the ceremony, Kazunori Takeda, Director of Rakuten, Inc., which already has a pre-lease agreement for the facility, Hideyuki Yamada, President and Representative Director of SATO KOGYO Co., Ltd., the company in charge of project design and construction management, and representatives of related businesses, together with Yoshiyuki Chosa, President and Representative Director of GLP, and Hiroyuki Ishigami, Executive Managing Director of Mitsui Fudosan, prayed for the safe construction of the facility.

Rakuten has entered into a lease agreement (approximately 40% of the total area) for 42,000 square meters of GLP MFLP Ichikawa Shiohama.
Rakuten, as reasons for concluding the early lease agreement, cited the project's excellent location for a Rakuten delivery hub for same day orders and dispatches to customers in central Tokyo areas, and the close proximity to its existing facilities.

In recent years, with moves to transform distribution and decentralize logistics bases, there is a growing need for highly functional and versatile large distribution facilities in excellent locations.
GLP and Mitsui Fudosan will continue actively pursuing the development and operation of sustainable high-performance distribution facilities, to meet customers' needs of supply chain efficiency and the optimization of operating costs going forward.

*GLP is an abbreviation for Global Logistics Properties.
*MFLP is an abbreviation for Mitsui Fudosan Logistics Park.

Ceremony to Pray for the Safe Construction of GLP MFLP Ichikawa Shiohama

Global Logistics Properties Limited
Yoshiyuki Chosa, President and Representative Director

Mitsui Fudosan Co., Ltd.
Hiroyuki Ishigami, Executive Managing Director

Project Overview

Location 1-6-2, 3Shiohama, Ichikawa City, Chiba Prefecture (Greater Tokyo)
Total site area 52,921 m2
Total floor area Approx. 121,000 m2
Structure Five floors above ground
Usage Multi-tenant logistics facility; can be divided into use by multiple tenants
Design and construction SATO KOGYO Co., Ltd.
Commencement of construction December 5, 2012
Completion of construction December 2013 (planned)

An image of the completed GLP MFLP Ichikawa Shiohama facility

Company Overview

Global Logistic Properties Limited
Global Logistic Properties (GLP) is one of the world's largest providers of modern logistics facilities, with a market-leading presence in China, Japan and Brazil. It owns, manages and leases out 505 completed properties in 205 logistics parks spread across 60 major cities in China, Japan and Brazil, forming an efficient logistics network with properties strategically located at ports, airports and interchanges, and in key logistics hubs, industrial zones and urban distribution centres. By providing flexible multi-tenant, build-to-suit and sales-and-leaseback solutions, GLP is dedicated to improving supply-chain efficiency for the strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Main board of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI).
GLP Japan
GLP Japan is the Japanese arm of Global Logistic Properties, one of the world's largest providers of modern logistics facilities. GLP Japan manages 83 facilities in 7 cities to cover the major distribution centres of Japan. With a total floor area of more than 3.58 million m2, GLP Japan is an important infrastructure that supports the lives of people and economic activities in the city, providing logistics facilities that are as highly functional as they are sustainable.

Mitsui Fudosan Co., Ltd.
Mitsui Fudosan Co., Ltd. built the first skyscraper in Japan, Kasumigaseki Building, and Nihonbashi Mitsui Tower and other projects in its office buildings business, and has developed regional LaLaport shopping centers and outlet malls such as MITSUI OUTLET PARK in its retail properties business. Companies of the Mitsui Fudosan Group are developing Park Homes in the housing sales business, and other projects.
Recently, Mitsui Fudosan has been promoting urban development, including Tokyo Midtown and Kashiwanoha Campus City, together with other large-scale multiple-use developments.
The GLP MFLP Ichikawa Shiohama project is the first time for Mitsui Fudosan to develop advanced lease distribution facilities.
In the wake of the project, on April 1, 2012, the new Logistics Properties Department was established in the Retail Properties Division.
Mitsui Fudosan will continue to promote the development of logistics facilities that take advantage of its customer base of commercial facilities and office buildings.