Singapore-based auxiliary police force firm Certis CISCO Pte Ltd has purchased 520,000 units in Retail REIT Mapletree Logistics Trust (MLT) (SGX:M44U).
|Mapletree Logistics Trust's portfolio now stands at 111 properties with a book value of S$4.08 billion.|
The units were purchased at a total price of S$558,901. This works the price paid per unit to about S$1.07 and brings the security firm’s total interest in the REIT to 0.12 per cent. As Certis CISCO is a wholly owned company by Singapore’s sovereign wealth fund Temasek Holdings, the purchase has by proxy increased Temasek’s stake in MLT to 41 per cent.
Temasek Holdings currently owns or 1,000,179,131 units in the REIT either directly or indirectly via wholly-owned firms such as DBS Bank Limited, Aetos and Certis CISCO Security.
Units of Mapletree Logistics Trust are currently trading at S$1.07 on the Singapore Exchange.