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MLT enters into sale-and-leaseback agreement for 5 local logistics properties worth $778.3 mil

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MLT enters into sale-and-leaseback agreement for 5 local logistics properties worth $778.3 mil

Samantha Chiew Published on Thu, Jul 05, 2018 / 7:19 AM GMT+8

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SINGAPORE (July 5): Mapletree Logistics Trust (MLT) is acquiring five logistics properties in Singapore for $778.3 million in a sale-and-leaseback deal.

The vendor is CWT, a Hong Kong-listed subsidiary of HNA, the debt-laden Chinese conglomerate whose founder fell to his death while sightseeing in southern France on Tuesday.

Upon completion of the deal, the properties will be 100% leased back to CWT for five to 10 years.

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