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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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Mapletree Logistics Hub Tsing Yi in Hong Kong is an 11-storey modern ramp-up warehouse with a net lettable area of 148,065 square metres. Having been completed in 2016, it is the newest modern warehouse in Hong Kong, where only 12 per cent of warehouses are less than 10 years in age.

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...

sentifi.com

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