Mapletree Logistics Trust completes divestment of six-storey warehouse

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Mapletree Logistics Trust (MLT) has completed the divestment of a six-storey warehouse at 531 Bukit Batok Street 23 in Singapore.

It has been divested for SGD22.4 million (USD16.2 million), on par with an independent valuation of the property conducted in March 2018.

The property was acquired by the REIT in SGD22.4 million (USD16.2 million).

REITsWeek understands that MLT has been trying to dispose the warehouse since at least March 2017.

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