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MLT to divest a Tuas warehouse for $10.5 million

The Edge Singapore
The Edge Singapore  • 1 min read
MLT to divest a Tuas warehouse for $10.5 million
The property, 30 Tuas South Avenue 8, has a valuation of $9.5 million as of end March
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As part of its portfolio rejuvenation, Mapletree Logistics Trust (SGX:M44U) has sold a warehouse for $10.5 million.

The transacted price is 10.5% above the property's valuation of $9.5 million as at March.

The property, at 30 Tuas South Avenue 8, has a net lettable area of around 5,233 sqm.

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