Mapletree Industrial Trust Planning Singapore Acquisition

News about Mapletree Industrial Trust

Mapletree Industrial Trust is planning to buy a mixed use building in Paya Lebar iPark (Singapore) for S$268.3 million. The property of over 41,000 m² has a short 30-year land lease starting in 2014 and a committed occupancy of 94.3%. The trust will seek unitholders' approval.

Mapletree Industrial Trust
Price2.740 SGD
NAV1.750 SGD
Yield (4 quarters)4.76%
Gearing31.0%