Friday 29 Mar 2024
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SINGAPORE (April 26): The manager of Mapletree Logistics Trust (MLT) announced Thursday the proposed acquisition of a 50% indirect interest in each of 11 logistics properties in China from its sponsor for a total price of approximately RMB 985.3 million (S$205.3 million).

The remaining 50% interest in the properties will be held by subsidiaries of the sponsor of MLT, Mapletree Investments. 

The acquisition is expected to be DPU-accretive.

Post-acquisition, the weighted average lease expiry (WALE) by net lettable area of...(click on link for full story on theedgesingapore.com)

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