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MapletreeLog: Australia a potential core market

Logistics trust buying a premium cold store warehouse in Sydney for A$253 million

Mindy Tan

Published Thu, Jul 2, 2015 · 09:50 PM

Singapore

MAPLETREE Logistics Trust (MLT), which is acquiring Coles Chilled Distribution Centre in Sydney for A$253 million (S$260 million), sees the purchase of the premium cold store warehouse as a springboard for further expansion into Australia.

MLT Management's chief executive officer Ng Kiat said that Australia could potentially become a new core market for the logistics real estate investment trust (Reit).

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