GLP, a global provider of modern logistics facilities, has signed an 83,000 square metre build-to-suit agreement with Adidas to develop their largest distribution centre in Asia.

Adidas is doubling its space at the same park in Suzhou, Eastern China to meet strong demand from growing domestic consumption.

The build-to-suit project with Adidas, comprising three double-story buildings, will be GLP’s first LEED (Leadership in Energy and Environmental Design) Gold standard facility in China. LEED is the most widely recognized and used standard for measuring the performance of green buildings.

Fitch Ratings says that the proposed US$11.6 billion acquisition of Global Logistic Properties Limited by a management-led Chinese consortium, which is to be finalized by April 2018, will not immediately affect the company's ratings.

Photo: adidas-group.com