Mapletree Logistics Trust expands footprint in South Korea with USD33 million acquisition

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Mapletree Logistics Trust is acquiring a logistics property in South Korea for KRW37.85 billion (USD33 million).

The property, Wonjin Logistics Centre, will expand the REIT’s footprint in the Seoul metropolitan area to 11 properties, with 12 properties and over 350,000 square metres of lettable area in South Korea overall.

The REIT’s latest acquisition comprises two blocks of multi-tenanted dry warehouses with a total gross floor area of about 29,325 square metres, and land area of 31,055 square metres.

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