The facility will be completed by the end of July, which will add to Mapletree’s total assets under management (AUM) in Japan, which stood at $3.9 billion as at March 31.
Mapletree Investments, the sponsor of all three Singapore Exchange (SGX)-listed Mapletree REITs, has acquired its first piece of land for logistics in Kyushu, Japan. The logistics asset was developed by Mapletree. The three REITs are Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MINT) and Mapletree Pan Asia Commercial Trust (MPACT).
Named Mapletree Chikushino Logistics Centre Phase 1, the Grade A logistics facility has a four-storey reinforced concrete column and steel beam structure (RCSS), double ramps and a total floor area of 110,744 sqm (1.19 million sq ft). It is sited on a land plot measuring 116,319 sqm, which allows for the development of 231,648 sqm gross floor area of warehouses.
