MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil

Stanislaus Jude Chan
Stanislaus Jude Chan9/17/2019 06:49 PM GMT+08  • 2 min read
MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil
SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, Australia at a property purchase price of A$18.4 million ($
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SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, Australia at a property purchase price of A$18.4 million ($17.4 million).

The property is 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.

It 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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