MapletreeLog acquiring logistics centre in Korea for 25.5b won

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 will grow its presence in South Korea to nine properties. Meanwhile, its total portfolio will cloc…