The manager of Mapletree Logistics Trust (MLT) has announced that the trust’s wholly-owned subsidiary MapletreeLog Seastar (Xian) has entered into an equity purchase agreement with an unrelated third party buyer to divest 100% of its equity interest in Mapletree Logistics Warehouse (Xian), which owns Mapletree Xi’an Logistics Park.

The sale consideration is estimated to be RMB70.5 million ($13.1 million), 0.7% above the property’s valuation of RMB70 million as at March 31.