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Mapletree Logistics Trust buys 8 Asia-Pac assets for over S$900 million, plans private placement

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Yong Hui Ting
Jude Chan

Yong Hui Ting &

Jude Chan

Published Thu, Mar 30, 2023 · 11:09 AM
    • MLT's manager says it will look to fund the acquisitions through debt financing as well as equity fundraising.
    • MLT's manager says it will look to fund the acquisitions through debt financing as well as equity fundraising. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE manager of Mapletree Logistics Trust (MLT) on Thursday (Mar 30) said it is in the process of buying eight logistics properties in Japan, Australia and South Korea for a total acquisition price of S$913.6 million.

    The total acquisition price represents a discount of approximately 4 per cent to the aggregate valuations by the independent property valuers appointed by the manager.

    Including acquisition-related expenses, the total acquisition cost is estimated to be approximately S$946.8 million.

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