Mapletree Logistics Buys 5 Korean Properties

News about Mapletree Logistics Trust

Mapletree Logistics Trust is acquiring five logistics assets in South Korea.


The five properties, all located south of Seoul, are all freehold and 100% occupied, with a WALE of 1.7 year and an NPI of 4.5%.


The S$334.8 million purchase is expected to be funded by debt, pushing gearing ratio of the trust to 38.9%.


The manager expects the purchase to be yield accretive. This increase the trust exposure to South Korea from 15% to 25%.

Mapletree Logistics Trust
Price1.310 SGD
NAV1.370 SGD
Yield (4 quarters)6.92%