GLP Continues to Lead the Development of Environmentally-Friendly Properties

GLP achieves LEED Gold for five additional developments in China andJapan

GLP has more than 100 buildings globally that are LEED orLEED-equivalent

SHANGHAI and TOKYO,Dec. 12,2018 -- GLP,the leading global provider of modern logistics facilitiesandtechnology-ledsolutions,announcedtodaythatfiveadditionaldevelopmentprojects totaling 518,000 sqm (5.6 million sq ft) in China and Japan have obtained Leadership in Energy and Environmental Design ("LEED") Gold certifications from the US Green Building Council. LEED is the world's most widely recognized and used standard for measuring the performance of greenbuildings.

GLP Hirakata III

Ming Mei,Co-Founder and CEO of GLP,said: "GLP continues to lead the development and management of sustainable modern logistics facilities,while accommodating customers' needs to introduce technology such as automation and robotics equipment that enhance operational efficiency."

InChina,GLPChinahasachievedLEEDGoldforGLPParkSuzhouinEasternChina.The83,000 sqm (893,000 sq ft) property is leased by a leading global sports company. This is GLP China's secondLEEDGoldcertification,followingtheBMWChinaR&DCenterinBeijing,NorthernChina which was completed earlier this year. Both of these properties were build-to-suitdevelopments.

In Japan,GLP has achieved further LEED Gold certifications for four developments in Greater Tokyo and Osaka:

GLP Nagareyama I (133,000sqm)

GLP Nagareyama II (96,000sqm)

GLP Nagareyama III (89,000 sqm)(pre-certification)

GLP Hirakata III (117,000 sqm)(pre-certification)

GLP Nagareyama is a first-of-its kind fully integrated supply chain facility in Japan where customers can conduct production-related activities at the same location as storage and distribution. Customer demand for this signature development is very strong: GLP Nagareyama is almost fully leased,with Japanese e-commerce leader Rakuten leasing 100% of GLP Nagareyama II.

GLPisaleaderinbuildingenvironmentally-friendlylogisticsfacilitiesglobally,withmorethan100 buildingsacrossBrazil,China,Europe,Japan,andtheUSachievinggreenbuildingcertifications including LEED,BREEAM,and CASBEE. GLP facilities typically feature solar panels,LED lighting,and thermal insulation materials that optimize efficiency forcustomers.

GLPisoneofthelargestrooftopsolarpowerprovidersinJapanandhaspartneredwithBrookfield in China to develop the country's largest rooftop solarplatform.

About GLP (www.glprop.com)

GLPistheleadingglobalproviderofmodernlogisticsfacilitiesandtechnology-ledsolutions,with US$60 billion in assets under management across its real estate and private equity segments. The Company's real estate fund platform is one of the largest in the world,spanning 67 million square meters (720 million squarefeet).

Media Contact:

Ambika Goel,CFA

SVP,Capital Markets

Tel: +65 6643 6372

Email: agoel@glprop.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain,and you may not rely on this press release as providing,all material information concerning the condition (financial or other),earnings,business affairs,business prospects,properties or results of operations of GLP or its subsidiaries.Thisreleasemaycontainforward-lookingstatementsthatinvolverisksanduncertainties.Forward-lookingstatements includestatementsregardingtheintent,beliefandcurrentexpectationsofGLPoritsofficerswithrespecttovariousmatters.When used in this press release,the words "expects," "believes," "anticipates," "plans," "may," "will," "should," "intends," "foresees," "estimates," "projects," and similar expressions,and the negatives thereof,are intended to identify forward-looking statements. Similarly,statements that describe objectives,plans or goals also are forward-looking statements. Actual future performance,outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks,uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions,interest rate trends,cost of capital and capital availability,availability of real estate properties,competition from other companies and venues for the sale/distribution of goods and services,shifts in customer demands,customers and partners,changes in operating expenses,including employee wages,benefits and training,governmental and public policy changes,and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements,which are based on the current view of management onfutureeventsandspeakonlyasofthedateofthispressrelease.GLPdoesnotundertaketoreviseforward-lookingstatements toreflectfutureeventsorcircumstances.Noassurancecanbegiventhatfutureeventswilloccur,thatprojectionswillbeachieved,or that GLP's assumptions arecorrect.

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