The manager of Mapletree Logistics Trust (MLT) has acquired a purpose-built warehouse in Brisbane, Australia at a property purchase price of A$114 million ($109.8 million).

MLT, on Oct 21, announced the proposed acquisition of Acacia Ridge Distribution Centre located at 338 Bradman Street in Brisbane via the acquisition of all the units in the property trust holding the property from Alset Australian Mid TC.

The centre comprises two buildings with a gross floor area (GFA) of some 55,009 sqm sited on freehold land of approximately 110,000 sqm.

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