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MapletreeLog acquiring logistics centre in Korea for 25.5b won

Daehwa to provide initial net property income yield of 8.3%

IN A bid to ramp up its scale in higher-growth markets, Mapletree Logistics Trust (MLT) has entered into a sale-and-purchase agreement with Daehwa Logistics Co to acquire Daehwa Logistics Centre in South Korea for 25.5 billion won (S$31.2 million).

With this purchase, the logistics Reit...

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