Mapletree Logistics Set To Acquire Mapletree Kobe Logistics Centre In Japan
28 January 2020 — Mapletree Logistics Trust Management Ltd., announced that Sazanka Tokutei Mokuteki Kaisha has entered into a conditional trust beneficial interest sale and purchase agreement with Ajisai TMK, an associate of Mapletree Investments Pte Ltd, to acquire the trust beneficial interest of Mapletree Kobe Logistics Centre for a purchase consideration of 22,200 million yen (approximately S$272.5 million), for MLT to acquire an effective interest of 98.47% in the property.
Ms Ng Kiat, Chief Executive Officer of the Manager, said, “This prime Grade A logistics facility with double rampways will strengthen MLT’s footprint in Japan, an attractive logistics market with a scarcity of Grade A logistics properties.
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