Mapletree plans acquisition spree to expand Asia Pacific footprint

📆 2023/03/31 13:49:00
📰 asiaonecom

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Singapore-based Mapletree Logistics Trust on Thursday (March 30) announced plans to acquire a few logistics properties in Japan, Australia and South Korea for a combined value of $913.6 million. The acquisition plan chimes with Mapletree's strategy to expand its footprint across the Asia Pacific markets, and ramp up its portfolio with more modern logistics assets. The Asia-focused logistics REIT is...

Singapore-based Mapletree Logistics Trust on Thursday announced plans to acquire a few logistics properties in Japan, Australia and South Korea for a combined value of $913.6 million.

The Asia-focused logistics REIT is in talks to acquire properties in Jiaxing, China for an estimated 1.08 billion yuan , and is also looking at a potential divestment of a non-core property in Hong Kong for $100.3 million.

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