Chinese Giant Shein Signs Largest Warehouse Leasing Contract with GLP to Expand Its Facilities in Brazil

Written by Roberta Souza

Published on 08/07/2023 at 11:58

Updated on 08/07/2023 at 11:59

Foto: reprodução. Fonte: Mercado e Consumo

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The Contract Signed by Shein, Together with GLP, Will Expand Its Territory to Approximately 135 Thousand Sqm

GLP, developer and operator of logistics warehouses, announced the signing of its largest lease contract with Shein, a global online fashion, beauty, and lifestyle retailer. The Chinese company, which had already signed its first lease contracts with GLP in Brazil in 2022, will expand its leased area to approximately 135 thousand sqm at GLP Guarulhos II, the largest warehouse ever built by GLP in the country. The strategic location of the enterprise, just 18 km from the capital of São Paulo and close to major highways leading to the Rio-São Paulo axis, will provide logistical efficiency to serve Brazilian consumers.

With this new contract, the area leased by Shein from GLP will total 216 thousand sqm. The occupation of the space will occur as soon as the construction of the logistics condominium is completed, expected for August this year. The first phase of the works, started in 2021, is already 100% leased, with 250 thousand square meters and four warehouses. The second and final phase, which includes two warehouses, one of which is designated for Shein, is expected to be completed by the third quarter of 2023.

GLP emphasizes that its condominiums are developed with a wide and modern infrastructure, following the highest construction standards and good sustainability practices. The expansion of the area leased by Shein aims to efficiently serve Brazilian consumers, due to the investments recently announced by the retailer for the country.

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The Importance of the Contract Signed by Shein and GLP

Mauro Dias, President of GLP Brazil, highlights the importance of choosing Shein as a partner at this moment of significant investments by the company in Brazil: “Being chosen by Shein at a time when the company announces major investments in Brazil reassures us that we are on the right path to developing well-located and efficient logistics facilities that support the growth of our clients”.

Felipe Feistler, President of Shein in Brazil, emphasizes that the partnership with GLP represents a significant advancement in logistical capacity for the brand: “Having our third warehouse strategically located between the largest consumption centers in the country is another step in line with the investments we announced in Brazil. We want to provide the best shopping experience possible for our consumers, and the speed of delivery is one of the key factors for that”.

Shein Investments in Brazil Are Not Stopping

In April of this year, Shein announced a major investment in Brazil aiming to make the country a more modern hub for textile production and export to Latin America. The company plans to establish partnerships with two thousand local manufacturers and create approximately 100,000 jobs over the next three years to produce items under the Shein brand. Additionally, Shein also announced its marketplace for local sellers, aiming to meet Brazilian customers’ demands for a wider variety of products and categories, as well as faster delivery times.

Shein’s expectation is that by the end of 2026, about 85% of its sales will come from local manufacturers and sellers, thus boosting the Brazilian economy and strengthening the country’s logistics sector.

Chinese Giant Shein Signs Largest Warehouse Leasing Contract with GLP to Expand Its Facilities in Brazil

The Contract Signed by Shein, Together with GLP, Will Expand Its Territory to Approximately 135 Thousand Sqm

The Importance of the Contract Signed by Shein and GLP

Shein Investments in Brazil Are Not Stopping

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Chinese Giant Shein Signs Largest Warehouse Leasing Contract with GLP to Expand Its Facilities in Brazil

The Contract Signed by Shein, Together with GLP, Will Expand Its Territory to Approximately 135 Thousand Sqm

The Importance of the Contract Signed by Shein and GLP

Shein Investments in Brazil Are Not Stopping

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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