44 Stradbroke Street, Heathwood. (Photo: Google Maps)

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.

To read the full article, please login or subscribe.

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.