Mapletree Logistics Completes Acquisition Of South Korea Property
February 19, 2020 — Mapletree Logistics Trust Management Ltd., as manager of Mapletree Logistics Trust (“MLT”), wishes to announce that the acquisition of a logistics property in South Korea, DC Deokpyung, has been completed today, following satisfaction of the relevant conditions precedent and completion of regulatory filing.
Following this acquisition, MLT’s portfolio has increased to 144 properties comprising 52 properties in Singapore, 9 in Hong Kong SAR, 16 in Japan, 10 in Australia, 13 in South Korea, 23 in China (50% interest in 15 properties), 15 in Malaysia, and 6 in Vietnam. The total value of assets under management is approximately S$8.3 billion.
Click here for Mapletree’s statement..