News about Mapletree Logistics Trust —
Mapletree Logistics Trust is announcing the acquisition of Higashi Hiroshima Centre, a logistics property around Hiroshima, Japan.
The freehold property, just completed in November 2020, has a gross floor area of 26,948 m² and is currently 33% leased.
The JPY6,370 million (roughly S$82.1 million) operation will be fully funded by debt.
The operation is expected to be yield accretive and the trust aggregate leverage ratio will climb to 37.9%.