Mapletree Acquires Eight Logistics Properties, Sells One

News about Mapletree Logistics Trust

Mapletree Logistics Trust is announcing the purchase of a portfolio of 8 properties:

  • Proposed acquisitions of eight prime, modern and mostly new logistics assets in Japan, Australia and South Korea for total acquisition price of S$913.6 million
  • Potential acquisition of two modern logistics assets in China for S$209.6 million
  • Potential divestment of non-core property in Hong Kong SAR for S$100.3 million
  • Deepen presence in Tokyo, Sydney and Seoul – attractive logistics markets with tight supply
  • Proactive capital management to rebalance debt portfolio
  • Proposed acquisitions are expected to be distribution per Unit (“DPU”) and net asset value (“NAV”) per Unit accretive on a historical pro forma basis

Funding is expected to be a mix of new debt and equity.

Mapletree Logistics Trust
Price1.490 SGD
NAV1.370 SGD
Yield (4 quarters)6.08%
Gearing38.8%