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Mapletree Logistics Trust acquires South Korea’s Baeksa Logistics Centre for $100.3 mil

Felicia Tan
Felicia Tan2/28/2022 08:43 PM GMT+08  • 3 min read
Mapletree Logistics Trust acquires South Korea’s Baeksa Logistics Centre for $100.3 mil
The acquisition is expected to be accretive to MLT's DPU.
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The manager of Mapletree Logistics Trust (MLT) has proposed to acquire Baeksa Logistics Centre in South Korea for a consideration of 88.5 billion won ($100.3 million).

“This acquisition, with its modern specifications and 100% occupancy underpinned by a leading e-commerce company, is expected to be yield-accretive to MLT,” says Ng Kiat, CEO of the manager.

The property was independently valued by Chestertons Research Co., Ltd. at KRW91.5 billion as at Dec 21, 2021.

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