News about Mapletree Industrial Trust —
Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth
Mapletree Industrial Trust (MIT) plans to divest S$500 million to S$600 million of assets in North America within the next one to two years, as it steps up efforts to recycle capital into higher-quality properties and expand into new markets....read more on The Business Times
“With over S$500 million divested and more divestments planned, this gives us a nice headroom for acquisitions,” said Lily Ler, CEO of the manager, at the earnings briefing on Wednesday (Apr 29).