Singapore REIT Mapletree Logistics Trust is set to divest an industrial property in Victoria, Australia, as part of its ongoing portfolio rejuvenation strategy, the REIT's manager announced on 8 September 2026.
The REIT’s trustee HSBC Institutional Trust Services (Singapore) Limited, acting through an indirect wholly-owned Australian sub-trust, has entered into a contract of sale with an unrelated third party for 365 Fitzgerald Road, Derrimut, Victoria.
The sale price is AUD28.0 million, or approximately SGD25.2 million based on an illustrative exchange rate of SGD1.00 to AUD1.11.
Dear members, please login to continue reading this article.
Login or sign-up for a free 25-day trial here. Why subscribe?