Mapletree Logistics Trust Completes Divestment of Singapore Property for Nearly SG$14 Million

MT Newswires

2024/09/13

Mapletree Logistics Trust (SGX:M44U) completed the divestment of a property in Singapore, known as 119 Neythal Road, for SG$13.8 million, according to a filing with the Singapore Exchange on Thursday.

The property is a five-storey cargo lift warehouse and a single-storey detached factory building with a remaining land lease of roughly 15 years.

Following the divestment, the trust's portfolio stands at 187 properties, while total value of assets under management is SG$13.4 billion.

Price (SGD): S$1.46, Change: S$+0.020, Percent Change: +1.39%

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