Senai-UPS warehouse. (Photo: Mapletree Logistics Trust)

Temasek Holdings-backed REIT, Mapletree Logistics Trust, has completed the divestment of a single storey property with an annexed two-storey office building in Malaysia known as the Senai-UPS warehouse.

The REIT first announced in December 2017 that it was disposing the property for MYR28.0 million (SGD9.2 million), a premium of about 37% over its latest independent valuation.

Read: Mapletree Logistics Trust divests low yielding Malaysian property.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.