Photo from Mapletree Logistics Trust

Mapletree Logistics Trust to acquire logistics properties in Japan, Australia, and South Korea

The REIT will acquire the priorities for $913.6m.

Mapletree Logistics Trust (MLT) will acquire six logistics properties in Japan, one in Sydney, Australia, and another in Seoul, South Korea.

In a bourse filing, MLT’s manager said the REIT will acquire the Japan, Australia, and South Korea properties for $652.7m, $112.2m, and $148.7m, respectively.

The total acquisition price for the properties is approximately $913.6m which represents a discount of  4.0% to the aggregate valuations by the independent property valuers appointed by the REIT’s manager.

The total acquisition cost, including acquisition-related expenses, is $946.8m.

Meanwhile, MLT’s manager is also planning to acquire two modern logistics properties, one completed and one under construction, in Jiaxing, China, with an estimated value of $209.6m.

The REIT also unveiled plans to divest an existing property in New Territories, Hong Kong for $100.3m.

Follow the link for more news on

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!

Event News

Event News