HKG:2130

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CN Logistics International Unit Leases Florida Office, Warehouse Space

CN Logistics International (HKG:2130) said its wholly owned subsidiary Allport Cruise Services agreed to lease about 98,407 square feet of office and warehouse space in Opa-locka, Florida.The lease with Foundry Meek II runs for 124 months, starting Dec. 1, with a monthly base rent of about $132,000 in the first year, according to a Friday Hong Kong bourse filing.The rent will increase annually to about $196,000 per month over the lease term. The group expects to recognize a right-of-use asset of about $16.4 million under the lease.

HKG:2130

Asia71d ago

CN Logistics Unit Renews Lease for Shanghai Premises

CN Logistics International Holdings (HKG:2130) unit Siyan Baopin Supply Chain Management (Shanghai) renewed the lease for certain warehouse premises from Cargo Services (China).The lease for three Shanghai premises being used as warehouses is effective from Aug. 1 to Dec. 31, and will be automatically renewed on expiry for one more year unless terminated.The company was previously leasing the premises under a contract ended Dec. 31, 2025.Following expiry, it was temporarily leased on a month-to-month basis till July 31, 2026, while the parties negotiated renewal terms.

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