Mapletree LT completes acquisition of Daehwa Logistics Center in South Korea
It’s the 113th property in its portfolio.
Mapletree Logistics Trust revealed on Thursday that it has completed it acquisition of the Daehwa Logistics Centre in South Korea for a purchase consideration of $31.1million (KRW25.5 billion).
S$31.1 million.
The acquisition is aimed at expanding MLT’s footprint in South Korea and other high-growth markets,
With this acquisition, MLT’s portfolio has increased to 113 properties comprising 52 properties in Singapore, 22 in Japan, 8 in Hong Kong, 9 in South Korea, 14 in Malaysia, 7 in China, and 1 in Vietnam. The total book value of these properties is approximately S$4.3 billion.