MapletreeLog Trust divests 5 Japan properties for S$213 mil

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SINGAPORE (April 10): Mapletree Logistics Trust (MLT) has divested five properties in Japan to Godo Kaisha T&C for a total sale consideration of JPY 12.5 billion (S$213.3 million) in cash.

The sale consideration is 21% above the latest appraised value of JPY 14.4 billion for all five properties as at Mar 31, 2019. The consideration is also 13% above the original purchase cost (including capital expenditure and other related costs) of JPY 15.5 billion. 

The divestment was completed today. Following which, MLT’s portfolio stands at 137 properties, comprising 52 properties in Singapore, nine in Hong Kong, 16 in Japan, 10 in Australia, 12 in South Korea, 20 in China (50.0% interest in 11 properties), 14 in Malaysia and four in...(click on link for full story on theedgesingapore.com)