MLT eyes up to S$300 million in acquisitions in Malaysia, Vietnam and India

MAPLETREE Logistics Trust (MLT) expects to make between S$200 million and S$300 million in acquisitions in its current financial year in countries such as Malaysia, Vietnam and India, the real estate investment trust’s (Reit) manager said on Wednesday (Oct 25).

“We will be buying some more. Before the year end, you should hear us buying some more,” said Ng Kiat, chief executive of the manager, at a briefing delivered to analysts on the Reit’s first-half results.

Divestments will also be a key part of the Reit’s strategy, as it seeks to rejuvenate its portfolio; MLT expects to let go of S$500 million in assets in the coming years.