Mapletree Logistics to Buy Kobe Property

News about Mapletree Logistics Trust

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%).

Mapletree Logistics Trust
Price1.350 SGD
NAV1.370 SGD
Yield (4 quarters)6.71%