Mapletree Logistics Trust's cold storage asset in Melbourne. (Google Maps)

Mapletree Logistics Trust (MLT) is acquiring a cold storage facility in Melbourne, Australia at a purchase price of AUD42.8 million.

The property is located at 5-17 Leslie Road and 6-10 Pipe Road, and it has been independently valued at AUD43 million by Knight Frank.

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By Shariffa Al-Habshee

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