Daiwa House Logistics Trust is announcing a first acquisition in Vietnam, with the purchase of D Project Tan Duc, a logistics property, for about S$26.5 million:

The Acquisition is expected to be DPU-accretive to Unitholders. For illustration purposes, the DPU for FP2022 will increase by approximately 1.9% on a pro forma basis. Post Acquisition, aggregate leverage is expected to increase from 36.2% as at 30 September 2023, but remain at a healthy level of 38.2%, on a pro forma basis.