SINGAPORE (Sept 18): DBS Group Research believes Mapletree Logistics Trust’s forward purchase of a logistics property in Melbourne could have “significant implications” on the REIT’s strategic intent in Australia.
The manager of MLT on Tuesday announced it has entered into a conditional forward purchase agreement for a one-storey modern logistics facility to be constructed at 15 Boterro Place in Truganina, Melbourne – one of the fastest-growing industrial precincts in Australia.
The property will be acquired with vacant possession, and MLT will be responsible for leasing the warehouse, which sits on a freehold land spanning some 25,650 sqm, and will have a net lettable area of approximately 15,100 sqm when completed.
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