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
Price1.540 SGD
NAV1.170 SGD
Yield (4 quarters)5.20%
Gearing36.8%