Mapletree Logistics Trust to acquire Australian distribution centre for AUD105 million


Mapletree Logistics Trust (MLT) is acquiring the Coles Distribution Centre in Heathwood, Brisbane, for a purchase consideration of AUD105.0 million (USD73 million).

The property is a single-storey ambient warehouse facility with ancillary office space, and features a gross floor area of 55,739 square metres, sited on freehold land of approximately 151,600 square metres.

The property has a weighted average lease expiry (WALE) of 4.3 years, and fixed annual rent escalations.

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