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Mapletree Logistics in S$778m warehouse deal with HNA subsidiary

Nisha Ramchandani

Nisha Ramchandani

Published Thu, Jul 5, 2018 · 09:50 PM
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Singapore

MAPLETREE Logistics Trust is strengthening its presence in Singapore with the acquisition of five modern, ramp-up logistics properties here from Hong Kong-listed CWT International for about S$778.3 million.

CWT International is the subsidiary of debt-strapped Chinese conglomerate HNA Group.

The sum includes the purchase price of S$730 million, and the estimated upfront land premium for the balance lease terms payable to JTC Corporation of S$48.3 million. In…

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