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Mapletree Logistics Trust To Sell Japan Property For S$95.5 Million

Sept 1, 2023 – Mapletree Logistics Trust (MLT) plans to sell Moriya Centre in Japan for JPY10,030 million, or approximately S$95.5 million, its manager said in a statement.

Located in Moriya, Ibaraki, the property comprises three blocks of four-storey industrial buildings and ancillary offices with an average age of 17 years and a total net lettable area of 41,713 square metres. The sale price of JPY10,030 million is 12.2% above the latest valuation of JPY8,940 million as at March 31, 2023.