Mapletree Logistics Trust is announcing the planned acquisition of an logistics centre in Kobe, Japan. The freehold property, completed last year, has a Net Lettable Area of 84,783 m², and occupancy rate of 99.7% and a WALE of 4.2 years.

The purchase price of about S$272.5 million (for a 98.47% interest) will be funded by debt, pushing the trust gearing to 39.0% (from 37.1%).