MapletreeLog Trust divests 5 Japan properties for $213 mil

SINGAPORE (Apr 10): Mapletree Logistics Trust (MLT) has divested five properties in Japan to Godo Kaisha T&C for a total sale consideration of JPY 12.5 billion ($213.3 million) in cash.

The sale consideration is 21% above the latest appraised value of JPY 14.4 billion for all five properties as at Mar 31, 2019. The consideration is also 13% above the original purchase cost (including capital expenditure and other related costs) of JPY 15.5 billion.

Details of the properties

---

Related Stories

• Frasers Centrepoint Trust announces proposed divestment of 28.85% of Hektar REIT
• KKR deal could lead to higher Singtel dividends
• Analysts upbeat on Singtel's outlook as it unlocks more value with latest divestment

---