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Mapletree Logistics Trust to acquire 50% stake in 11 logistics properties in China from sponsor for $205 mil

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Mapletree Logistics Trust to acquire 50% stake in 11 logistics properties in China from sponsor for $205 mil

Stanislaus Jude Chan Published on Thu, Apr 26, 2018 / 8:43 PM GMT+8

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SINGAPORE (Apr 26): The manager of Mapletree Logistics Trust (MLT) announced Thursday the proposed acquisition of a 50% indirect interest in each of 11 logistics properties in China from its sponsor for a total price of approximately RMB 985.3 million ($205.3 million).

The remaining 50% interest in the properties will be held by subsidiaries of the sponsor of MLT, Mapletree Investments.

The acquisition is expected to be DPU-accretive.

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