News about Mapletree Logistics Trust —
MLT to sell Shanghai property Mapletree Northwest Logistics Park for US$48.2 million
The manager of Mapletree Logistics Trust (MLT) on Monday (Sep 21) said its Mapletree Northwest Logistics Park (Phase 1 and 2) in Shanghai, China is to be sold for 323 million yuan (US$48.2 million), to an unrelated third party....read more on The Business Times
HSBC Institutional Trust Services (Singapore) – in its capacity as trustee of MLT – has entered into a sale and purchase agreement for the proposed divestment, via its wholly owned subsidiary in China.
A bourse filing noted that the property was acquired by MLT in 2008 and comprises two adjacent phases.