The manager of Mapletree Logistics Trust (MLT) announced on Tuesday (Sep 10) its proposal to divest three warehouse properties in Malaysia for RM157.5 million (S$47.7 million).

Its manager said that HSBC Institutional Trust Services (Singapore), in its capacity as the trustee of MLT, had entered into separate conditional sale and purchase agreements with third-party buyers for the respective proposed divestments of the three warehouses – Linfox, Celestica Hub and Zentraline.