The property is a 22-year-old four-storey cargo lift warehouse with a net lettable area of approximately 10,967 sqm. The sale price of $16.8 million is 10.5% above the latest valuation of $15.2 million as at Jan 1.
Mapletree Logistics Trust (MLT) (SGX:M44U
) has proposed the divestment of its property at 72 Tuas South Avenue 1 for a sale price of $16.8 million.
On Jan 29, the manager of MLT announced that HSBC Institutional Trust Services (Singapore), in its capacity as trustee of MLT, had entered into a purchase agreement with an unrelated third party.
