News about Mapletree Logistics Trust —
MLT to divest China warehouses valued at US$107 million to Mapletree's RMB fund, Changi South property for S$16.6 million
Mapletree Logistics Trust (MLT) has entered into agreements for the divestment of two China warehouses for a total of 724 million Chinese yuan (US$107 million)....read more on The Business Times
It is also divesting a property in Singapore at 39 Changi South Avenue 2 for S$16.6 million.
The trust’s manager announced the proposed divestments in separate bourse filings on Wednesday (Jul 22). These are in line with continued portfolio rejuvenation efforts, it said.