The Business Times
SUBSCRIBERS

Mapletree Logistics Trust to pick up 4 Sydney warehouses for A$85m

It expects the acquisition "to be accretive at the distribution level" and the properties are 100% leased out

google-preferred-sourceAdd BT as a preferred source
Published Sun, May 29, 2016 · 09:50 PM

    Singapore

    FRESH from raising S$250 million through issuing perpetual securities earlier this month, Mapletree Logistics Trust (MLT) has unveiled plans to use up a chunk of the proceeds to scale up in Australia.

    The logistics real estate investment trust (Reit) announced plans to pay A$85 million or about S$84.4 million for four dry warehouse facilities in Sydney offering a net property income yield of 7.1 per cent in a Singapore Exchange filing on Sunday evening, adding that it expected the acquisition "to be accretive at the distribution level".

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More