Mapletree Logistics Buys a$105M Brisbane Property

News about Mapletree Logistics Trust

Mapletree Logistics Trust is purchasing a warehouse in Brisbane for a total of A$105 Million. The single story freehold property is expected to have an initial net income yield of 5.7%. It is fully occupied by Coles Supermarket with 3.8 years of lease left after the purchase.

Mapletree Logistics Trust
Price2.080 SGD
NAV1.210 SGD
Yield (4 quarters)3.92%
Gearing39.6%