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

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.