Mapletree Logistics Hub - Tanjung Pelepas

A bid by Mapletree Logistics Trust (MLT) to expand its footprint in Malaysia, and establish a presence within the Port of Tanjung Pelepas has fallen through.

The REIT first announced in October 2020 that it was acquiring nine logistics properties in China, Malaysia, and Vietnam, and a remaining 50% interest in 15 other logistics assets in China.

To fund the acquisitions, MLT conducted an equity fundraising exercise in the same month.

Related: Mapletree Logistics Trust launches SGD650 million fundraising for acquisitions

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.