Mapletree Logistics Acquires Property Portfolio, Raises S$250 Million

News about Mapletree Logistics Trust

Hot on the publication of its Q3 results, Mapletree Logistics Trust is announcing the acquisition from its sponsor of 7 logistics properties across Malaysia, Vietnam and China. All 100% leased, the purchase of S$493.4 million is expected to be DPU and NAV accretive.

Following this announcement, the trust has quickly raised S$250 million through a private placement at a price of S$1.617 per new unit.

Mapletree Logistics Trust
Price1.370 SGD
NAV1.380 SGD
Yield (4 quarters)6.57%