Mapletree Logistics Trust to buy HK warehouse for HK$4.8b
After acquisition, Hong Kong will become second-largest income contributor to the trust
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Singapore
MAPLETREE Logistics Trust (MLT) is acquiring a warehouse in Hong Kong for HK$4.8 billion (S$831 million) as it looks to strengthen its presence in what it deems to be an attractive logistics market.
In an announcement on Monday evening, Mapletree Logistics Trust Management (MLTM) said it had earlier in the day entered into a conditional share purchase agreement with Mapletree Overseas Holdings, a wholly owned subsidiary of Mapletree Investments, to buy Mapletree Logistics Hub Tsing Yi.
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