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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