Mapletree Logistics Trust completes divestment of 1 Genting Lane warehouse

The property was announced for sale on 16 December 2024.

Mapletree Logistics Trust (MLT) has completed the divestment of 1 Genting Lane in Singapore on 13 May.

The property was announced for sale on 16 December 2024 for $12.3m.

1 Genting Lane is a seven-storey warehouse with an office spanning approximately 6,050 sq m.

The divestment is part of MLT’s portfolio rejuvenation through selective divestments of assets that are no longer aligned with its strategy.

Following this divestment, MLT’s portfolio stands at 179 properties, with total assets under management valued at $13.3b.

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