MapletreeLog acquiring 2 assets

Singapore

MAPLETREE Logistics Trust (MLT) is acquiring two properties in Vietnam and South Korea for S$42.2 million.

Fully leased to a tenant base of mostly international logistics players, the two properties offer a net property income yield of 10 per cent and 8 per cent respectively, said Ng Kiat, chief executive officer of the trust-manager Mapletree Logistics Trust Management Ltd (MLTM).