logistics warehouse

Cache Logistics Trust acquires logistics warehouse and office facility in Australia for $42.6 mil

SINGAPORE (Mar 20): ARA Trust Management, the manager of Cache Logistics Trust, announced that it has acquired a warehouse and office facility located in Melbourne, Australia for a total consideration of A$44.3 million ($42.6 million), with an initial property yield of 6.8%.

This acquisition was made through Cache Logistic Trust’s wholly-owned sub-trust Altonia (VIC) Trust.

Located within the industrial suburb of Altona, the freehold property’s land area is about 83,020 sqm and its net lettable area is about 37,853 sqm.

Mapletree Logistics Trust to divest Bukit Batok property to Vicom for $22.4 mil

SINGAPORE (Sept 4): Mapletree Logistics Trust (MLT) is divesting its property on 531 Bukit Batok Street 23 to Setsco Services, subsidiary of Vicom, for a consideration of $22.4 million.

Vicom intends for the property to replace Setsco Services’ current premises at Teban Gardens Crescent, which has been zoned for redevelopment under the Singapore government’s plans for the Jurong Lake District.

Frasers Property acquires Dutch warehouse for $39.3 mil

SINGAPORE (May 25): Frasers Property has agreed to acquire a 100% stake in Dutch-incorporated company LocMeppel BV for a consideration of 25 million euros ($39.3 million).

The acquisition will be conducted via Frasers Property's indirect subsidiary Frasers Property Investments (Europe) BV and the transaction's vendors, LocMeppel BV and Acacia BV, the latter of which owns the legal and beneficial title to the entire issued and paid-up share capital of LocMeppel BV. 

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