Mapletree Logistics Trust plans 22.2b yen acquisition of Japan facility

Singapore

MAPLETREE Logistics Trust (MLT) is looking to acquire an effective interest of 98.47 per cent in a freehold logistics property in Kobe, Japan, for some 22.2 billion yen (S$272.5 million), its manager said on Tuesday morning in a regulatory update.

The property - Mapletree Kobe Logistics Centre - is a four-storey logistics facility located in an established logistics cluster in the city. It has modern Grade A specifications and is 99.7 per cent occupied.