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).
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