Mapletree Logistics Trust (MLT) has entered an agreement, through its special purpose vehicle in Malaysia, to divest Subang 2 for RM31.5 million (S$9.6 million) to an unrelated third party.

The sale price is 31.3 per cent higher than the property’s latest valuation of RM24 million, as at Oct 31, 2024, MLT’s manager said on Friday (Jan 3).