Mapletree Logistics Hub Tsing Yi, a property of Mapletree Logistics Trust in Hong Kong. (Photo: Mapletree Logistics Trust)

Mapletree Logistics Trust (MLT) has priced its placement units at SGD1.649, which suggests that its recent fundraising exercise was well-received by investors.

This represents the top end of an indicative range that was first announced by the REIT.

MLT first disclosed on 30 March that it is acquiring eight logistics assets in Japan, Australia and South Korea for a total acquisition price of SGD913.6 million.

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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.