Mapletree Logistics Trust divests low yielding Malaysian property


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.

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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.

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