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Mapletree Logistics Trust acquires five freehold logistics properties in South Korea for $334.8 mil

Felicia Tan
Felicia Tan2/15/2021 10:57 PM GMT+08  • 3 min read
Mapletree Logistics Trust acquires five freehold logistics properties in South Korea for $334.8 mil
MLT’s total portfolio post-acquisition will increase to 161 properties with assets under management (AUM) of $10.5 billion.
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Mapletree Logistics Trust (MLT) has acquired the interests in a portfolio of five modern, freehold logistics properties based in South Korea.

The interests were acquired – through five sale and purchase agreements on Feb 15 – at a consideration of 280.0 billion won ($334.8 million), which will be satisfied fully in cash.

The properties consist of five purpose-built dry storage, high specifications logistics warehouses located within Yongin-Icheon, an established logistics cluster in the Seoul Metropolitan Area of South Korea.

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