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