Mapletree Logistics Sells Chinese Warehouse

News about Mapletree Logistics Trust

Mapletree Logistics Trust is announcing the sale of a warehouse in China:

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.

Comprising a single-storey warehouse with a four-storey office and a two-storey warehouse, Mapletree Xi’an Logistics Park has a building age of almost 20 years and a net lettable area of approximately 22,876 sq m.

Mapletree Logistics Trust
Price1.360 SGD
NAV1.380 SGD
Yield (4 quarters)6.62%
Gearing38.9%