MLT enters into sale-and-leaseback agreement for 5 local logistics properties worth S$778.3 mil

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SINGAPORE (July 5): Mapletree Logistics Trust (MLT) is acquiring five logistics properties in Singapore for S$778.3 million in a sale-and-leaseback deal.

The vendor is CWT, a Hong Kong-listed subsidiary of HNA, the debt-laden Chinese conglomerate whose founder fell to his death while sightseeing in southern France on Tuesday.

Upon completion of the deal, the properties will be...(click on link for full story on