Mapletree Logistics Trust’s China asset divestments could pick up as interest rates fall

[SINGAPORE] Mapletree Logistics Trust (MLT) is seeing “slightly better” interest in its China assets, with its manager noting that lower borrowing costs are helping to accelerate its planned divestments in the market.

The logistics-focused real estate investment trust (Reit) had previously outlined plans to divest about S$1 billion worth of assets, of which about half would come from China and Hong Kong.

The rest will be drawn from Malaysia, Singapore and, to a smaller extent, Australia, Japan and South Korea.