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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
