Company Briefs

Mapletree Log to buy Henan property

MAPLETREE Logistics Trust has signed a memorandum of understanding (MOU) with its sponsor, Mapletree Investments Pte Ltd, to acquire Mapletree Zhengzhou Logistics Park (MZLP) in Henan, China, for 205.6 million renminbi (S$41.1 million). The MOU is subject to the execution of a formal sale and purchase agreement. The logistics facility has a gross floor area of about 79,000 sq m and is 99.2 per cent occupied.

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