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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education