Mapletree Logistics Trust divests low yielding Malaysian property

0

Mapletree Logistics Trust has begun a process to divest a single storey property with an annexed two-storey office buildingin Malaysia known as the Senai-UPS warehouse.

The property will be disposed at a sale price of MYR28.0 million (SGD9.2 million), which represents a premium of about 37% over its latest independent valuation.

The Senai-UPS warehouse will be sold via a special purpose entity incorporated in Malaysia by the trustee of Mapletree Logistics Trust, to V.S Industry Berhad.

To read the full article, please login or register.

Share.

About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

Comments are closed.