Home News REITs

MLT makes first foray into India with acquisition of two logistics properties for 4.55 billion rupees

Felicia Tan
Felicia Tan3/17/2021 6:35 PM GMT+08  • 2 min read
MLT makes first foray into India with acquisition of two logistics properties for 4.55 billion rupees
According to the manager, India is an attractive logistics market underpinned by favourable supply-demand dynamics.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Mapletree Logistics Trust (MLT) has announced the proposed acquisition of two logistics properties in Pune, Maharashtra, India, making it the REIT’s first foray into the country.

The proposed acquisition was done through the acquisition of a property holding company (India SPV) for a property purchase price of 4.55 billion rupees ($84.2 million).

The properties are being acquired from a subsidiary of an affiliate of Morgan Stanley Real Estate Investing and Waterloo Motors (collectively known as the vendors).

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.