Mapletree Logistics can't stop snapping up assets and is now announcing another round of acquisitions:
- 13 logistics properties in China and 3 logistics properties in Vietnam, for about S$1 billion. The portfolio has with a committed occupancy of 91% and WALE (by NLA) of 2.9 years.
- 1 freehold Japanese property for about S$416.3 million, with a committed occupancy of 82.5% and WALE of 1.7 years.
The trust is also announcing an early advanced distribution and an equity raising operation, with both a private placement and a public offering to raise about S$700 million in order to fund the operation.