GLP Group Leases Shenyang Tiexi Cold Chain Logistics Park to Mixue in Northeast China Industrial Real Estate Deal

GLP China has signed a lease with Mixue Group at GLP Shenyang Tiexi Cold Chain Logistics Park in Shenyang, China, the company announced May 13, 2026. The agreement positions the industrial real estate facility as a regional distribution hub for the food and beverage chain's operations across Northeast China.

Cold Chain Industrial Real Estate Supports Mixue's Expanding Product Lines

The GLP Shenyang Tiexi Cold Chain Logistics Park will provide cold chain infrastructure to support Mixue's product portfolio, which spans ice cream, tea-based beverages, coffee under its Lucky Cup brand, and draft beer under the Fresh Beer Fulujia brand. With approximately 44,000 stores nationwide as of the end of 2025, Mixue requires multi-temperature warehouse real estate capable of meeting strict health and safety requirements across its various product categories.

GLP Shenyang Tiexi features both multi-zone temperature cold storage and ambient warehouse facilities. The park is located in the Shenyang Economic and Technological Development Zone, a state-level industrial hub that is home to established pharmaceutical, chemical, food processing, and packaging industries — providing a logistical foundation for food and pharmaceutical cold chain operations in the region.

The lease deepens a relationship between GLP China and Mixue that began in 2021. According to GLP, the firm partnered with Mixue during the early stages of its supply chain planning, supporting the development and operation of its broader warehouse network.

GLP Group's Industrial Real Estate and Cold Chain Platform

GLP China describes itself as one of the largest integrated cold chain logistics operators in China. As of December 31, 2025, the firm's cold chain network comprised approximately 4.2 million cubic meters of cold storage facilities under management, supported by a fleet of more than 1,000 owned and partner-operated refrigerated trucks. The platform serves customers across the food, beverage, and pharmaceutical sectors.

GLP China's broader logistics and industrial real estate portfolio totals 50 million square meters under management, including approximately 40 million square meters in operation across 70 cities, serving more than 2,500 customers. The firm also operates data center assets with 1.4 gigawatts of secured IT capacity and approximately 1.3 gigawatts of renewable capacity under management.

The Shenyang Tiexi property spans approximately 1.6 million square feet across five buildings and was developed in 2023, according to property data. Prior to the Mixue lease, the park was approximately 75 percent occupied, with the new agreement expected to bring occupancy meaningfully higher.

Northeast China Warehouse Real Estate and Cold Chain Demand

The Shenyang Economic and Technological Development Zone, where the park is situated, is a state-level industrial hub located southwest of Shenyang city center with access to major expressway and airport infrastructure. The zone's concentration of food processing and pharmaceutical tenants makes it a natural location for cold chain logistics real estate development.

China's cold chain logistics sector has seen sustained demand growth driven by food retail expansion and tightening food safety regulations. GLP China's decision to site a major cold chain asset in Shenyang reflects broader commercial real estate development trends favoring Tier 2 cities as consumption-focused supply chains extend beyond coastal hubs.

For Mixue, the Shenyang facility represents a strategic node in its Northeast China distribution network, a region that has historically been underserved by cold chain warehouse real estate relative to coastal markets. The park's multi-zone temperature capabilities — accommodating products ranging from frozen ice cream to ambient packaged beverages — align with the complexity of Mixue's growing product mix.

GLP China's Real Estate Development and Leasing Activity

The Mixue lease is part of GLP China's ongoing effort to deepen relationships with domestic consumption-focused customers across its industrial real estate and cold chain portfolio. The firm has identified food and beverage operators as a core customer segment as China's domestic consumption economy expands.

GLP Group, headquartered in Singapore and Shanghai, continues to expand its commercial real estate footprint across logistics, industrial, and data center asset classes. The Shenyang Tiexi lease adds to a growing list of cold chain commitments as the firm pursues further real estate development in the sector.