Mapletree Logistics sells two Japanese warehouses for 13.5b yen
They are Zama Centre in Kanagawa and Shiroishi Centre in Hokkaido
Singapore
MAPLETREE Logistics Trust (MLT) is selling two warehouses in Japan for 13.5 billion yen (S$165.4 million), figuring that the flexibility of cash on hand is worth more than holding old properties with limited upside. The warehouses are being sold to Godo Kaisha Asset Toshi Jigyo 4 Go.
The 10-year-old Zama Centre in Kanagawa prefecture has 41,170 square metres of gross floor area, while the 43-year-old Shiroishi Centre in Hokkaido has 11,181 sq m of gross floor space.
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