Mapletree Logistics Acquires Vietnam Property

News about Mapletree Logistics Trust

Mapletree Logistics Trust announces the acquisition from Unilever of a 66,800 m² warehouse in Binh Duong province, Vietnam for a price of about S$43 million. The property will be leased back to Unilever Vietnam for 10 years.

Upon completion of the acquisition, the trust gearing will reach 38.9%.

Mapletree Logistics Trust
Price1.990 SGD
NAV1.210 SGD
Yield (4 quarters)4.09%
Gearing39.3%