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MapletreeLog gives open listing to agents for 14 properties

The assets had a total value of S$291m as at March 31; trust seen rejuvenating its portfolio

Kalpana Rashiwala

Published Thu, Nov 17, 2016 · 09:50 PM

Singapore

MAPLETREE Logistics Trust (MLT) recently gave an open listing to agents for a string of 14 properties in Singapore in what is seen as a portfolio rejuvenation exercise by the trust to divest older properties.

As at March 31, 2016, the 14 properties, all on leasehold sites, had a combined annual valuation of about S$291 million, based on information in the trust's latest annual report. This is about 5.5 per cent of the S$5.3 billion worth of investment properties the trust had as at Sept 30, 2016.

Agents said the MLT is prep…